If a 6% decrease in price for a good results in a 2% increase in quantity demanded, the price elasticity of demand is

a. 0.02.
b. 0.33.
c. 3.
d. 4.

b

Economics

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The global financial crisis that started in 2008 has reestablished the continuing relevance of the IMF

Indicate whether the statement is true or false

Economics

Which of the following events shifts aggregate demand rightward?

a. an increase in government expenditures or a decrease in the price level b. a decrease in government expenditures or an increase in the price level c. an increase in government expenditures, but not a change in the price level d. a decrease in the price level, but not an increase in government expenditures

Economics