The price elasticity of demand for a good is equal to the percentage change in the price of the good divided by the percentage change in its quantity demanded
a. True
b. False
Indicate whether the statement is true or false
False
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In a country with a working-age population of 300 million, 230 million workers are employed and 40 million workers are unemployed. What is the labor force participation rate?
A) 100 percent B) 90 percent C) 65 percent D) 5 percent
The hidden momentum of population growth is caused by
(a) the demographic transition. (b) population age structure. (c) the opportunity cost of a woman's time. (d) children's contribution to income.
If foreigners decide to increase their investments in the U.S., this will cause
a. an appreciation of the dollar and foreign goods to become cheaper b. a depreciation of the dollar and U.S. goods to become cheaper c. a favorable balance of trade and an appreciation of the dollar d. a devaluation of the dollar and a favorable balance of trade e. a surplus in the current account
What percentage of the total government expenditures of the United States is undertaken at the federal level?
a. approximately 20 percent b. approximately 40 percent c. approximately 60 percent d. approximately 80 percent