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