If the price of hamburger meat increases by 20 percent and the quantity supplied by meat packing companies increases by 30 percent, what is the price elasticity of supply?

A) 1.65
B) 1.20
C) 0.67
D) 1.50

D

Economics

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Along the IS curve, which of the following markets are in equilibrium?

A) the money and forex markets B) the goods and forex markets C) the goods and money markets D) the goods, money, and forex markets

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The federal budget process begins when federal agencies submit their budget requests to the:

a. Treasury Department. b. Council of Economic Advisors (CEA). c. Office of Management and Budget (OMB). d. Congressional Budget Office (CBO).

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