If the price of Pepsi-Cola increases from 40 cents to 50 cents per bottle and the quantity demanded decreases from 100 bottles to 50 bottles, then according to the averaging equation, the value of price elasticity of demand for Pepsi-Cola is
a. 0.5
b. 0.25
c. 1
d. 3
e. 2
D
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a. c and e. b. c, d, and e. c. human capital investment. d. population. e. life expectancy.
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In which of the following examples should the first country should trade the named product to the second country?
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