Using the point method the price elasticity of demand for the demand curve P = 20 - 2Q, when P = 30 is
A. 0.08.
B. 0.33.
C. 12.
D. 3.
Answer: D
You might also like to view...
Refer to the table above. If country X is expected to grow by 19% between the years 2007 and 2008, what is the expected GDP per capita for the year 2008?
A) $2,439.50 B) $3,015 C) $2,763.90 D) $1,882
Suppose that a new study is released stating that consumption of orange juice (a substitute for apple juice) reduces the risk of cancer, and a major freeze destroys half of the country's apple cro
A) The price of apple juice might rise or fall and the quantity of apple juice falls. B) The quantity of apple juice might rise or fall, and the price of apple juice rises. C) The price of apple juice falls and the quantity of apple juice falls. D) The price of apple juice might rise or fall and the quantity of apple juice rises.
If an asset is considered liquid, then it:
A. can be sold quickly for cash without much loss of value. B. cannot be sold quickly for cash without much loss of value. C. can be sold quickly for cash, but tends to lose value. D. can easily be traded for other assets.
Fiscal policy deals with
a. interest rates. b. the money supply. c. the government budget. d. bank credit.