China's economy was much more agricultural than Russia's, and observers believe this aided its economic transition

If the quantity demanded changes by a relatively small amount for a given change in price, then demand is

A) perfectly inelastic. B) perfectly elastic. C) elastic. D) inelastic.

Refer to above Table 2-1. What is the level of National Income?

A) 2630 B) 2420 C) 2660 D) 2430