The quantity demanded of baseball bats increased from 1,000 units to 1,100 units when its price fell from $20 per bat to $18 per bat. The price elasticity of demand for baseball bats is:

Behavioral economics is an approach to the study of consumer behavior

A) that emphasizes psychological limitations and complications that potentially interfere with rational decision making. B) that emphasizes the capabilities of individuals to succeed in attaining all their unlimited wants utilizing limited resources. C) that, in contrast to standard approaches in economics, utilizes the ceteris paribus assumption. D) that, in contrast to standard approaches in economics, relies on real-world data to evaluate the usefulness of economic models.

Conservatives and liberals ___ on the causes of poverty and ___ on how to solve the poverty problem.

A. agree; agree B. agree; disagree C. disagree; agree D. disagree; disagree