If the absolute value of slope of the demand curve is 2.5, price is $6 per unit, and the quantity demanded is 8 units, then the price elasticity of demand is:
A. 1. 6.
B. 0.3.
C. 1.875.
D. 0. 533.
Answer: B
You might also like to view...
If a first-past-the-post vote was taken by the school board on which project gets funded and the voters' preferences are shown in the table, which project is most likely to win?
A. Computer lab
B. Library
C. Gym
D. It will result in a three-way tie.
According to the efficient markets theory of stock prices,
a. fundamental analysis is a way to profit from predicting stock prices b. fundamental and technical analysis are largely useless c. technical analysis is the best approach to profit from predicting stock prices d. fundamental and technical analysis must be synthesized in order to profit from predicting stock prices e. whether fundamental and technical analysis can be profitable depends on the specific firm being analyzed
The random walk theory says that
A. successive stock prices are independent of each other. B. successive stock prices increase more than they decrease. C. successive stock prices are dependent on the weighted average of the previous week's prices. D. stock prices follow a trend for varying periods of time.
Refer to the information provided in Figure 23.11 below to answer the question(s) that follow.
Figure 23.11Refer to Figure 23.11. Equilibrium aggregate output will increase to $250 million if the
A. multiplier increases to 8. B. MPC increases to 0.8. C. MPS increases to 0.8. D. all of the above.