In the futures market, the difference between the price of the futures and the underlying asset is eliminated by

The price elasticity of demand for oil is estimated at 0.05. This value means a 10 percent increase in the

A) quantity of oil demanded will result from a 0.5 percent increase in the price of oil. B) quantity of oil demanded will result from a 0.5 percent decrease in the price of oil. C) price of oil will increase the quantity of oil demanded by 0.5 percent. D) price of oil will decrease the quantity of oil demanded by 0.5 percent.

What happens to the real wage rate and potential GDP if population increases?

What will be an ideal response?