If the percentage increase in price is 15 percent and the value of the price elasticity of demand is -3, then quantity demanded
A) will increase by 45 percent.
B) will increase by 5 percent.
C) will decrease by 45 percent.
D) will decrease by 5 percent.
Answer: C
Economics
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Managed float exchange systems were abandoned with the implementation of the gold standard
Indicate whether the statement is true or false
Economics
The measured unemployment rate does not fall as much as one might expect when output increases because, as the economy expands,
A. more people find jobs. B. more people leave the labor force. C. firms want to hire additional workers. D. more people enter the labor force.
Economics