By 2016, the unemployment rate in the US had fallen from a peak of 10% in 2009 to:
A. under 5%.
B. 7.8%.
C. 6.2%.
D. under 3%.
A. under 5%.
Economics
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Suppose at a price of $50, Yoshi's Jazz Bar sells 20 tickets to its nightly jazz performance and at a price of $40, it sells 25 tickets. Based on this information, the demand for Yoshi's jazz performance is elastic
Indicate whether the statement is true or false
Economics
If the demand for a commodity is perfectly elastic, a downward shift in supply will result in lower prices
Indicate whether the statement is true or false
Economics