If 50 units are sold at a price of $20 and 80 units are sold at a price of $15, what is the absolute value of the price elasticity of demand? Use the midpoint formula

Which of the following is considered out of the labor force?

A) the unemployed B) those temporarily laid off who will soon be recalled C) those who worked full time, but in a family business D) those individuals who have started searching for employment for the first time E) none of the above

Direct taxes are levied on specific economic activities

a. True b. False Indicate whether the statement is true or false