The figure above shows the demand curve for pizza. Using the midpoint method and moving from point A to point B, calculate the
a) percentage change in price.
b) percentage change in quantity demanded.
c) price elasticity of demand.
a) Between points A and B, the price falls 40 percent.
b) Between points A and B, the quantity increases 10 percent.
c) The price elasticity of demand is 0.25.
Economics
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Stocks and bonds are both considered securities
a. True b. False Indicate whether the statement is true or false
Economics
On January 1, 2006, a consumer borrowed $10,000 for a term of one year at an interest rate of 12 percent. How much principal and interest will the consumer pay back on January 1, 2007?
a. $10,000 b. $1,200 c. $8,929 d. $11,200
Economics