One In the News article titled "News Release: Disposable Income and Outlays: February 2017" says, "Personal spending increased $44 billion." An increase in spending is likely the result of

Often people trying to withdraw money from their bank must wait in line, which reflects a ________ allocation method

A) first-come, first-served B) market price C) contest D) command

"The Department of Agriculture came out today with its prediction for food price next year—4 to 5 percent increases on top of this year's already steep gains… Eggs, dairy products and cereals are up 10 percent

But the USDA says another big part of the American diet has seen only moderate price increases. Beef, poultry and pork will be up only 3 percent this year." Calculate Jennika's price elasticity of demand for pork if she decreases her consumption by 4 percent. A) 1.25 B) 1 C) 0.75 D) 0.66