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?
Economics