If the price of apples decreases by 2 percent and causes apple consumption to increase by 4 percent, the price elasticity of demand is ____, indicating the demand is ____

a. 2, elastic
b. 2, inelastic
c. 0.5, elastic
d. 0.5, inelastic


a

Economics

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The demand curve for human organs is upward sloping

a. True b. False Indicate whether the statement is true or false

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By law what goals are the Federal Reserve to pursue? What, if any, specific weights are given for these goals?

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When the price level is considered, the value of the multiplier will be less than that suggested by the oversimplified version of multiplier. Why?

What will be an ideal response?

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