If the price of Pepsi-Cola increases from 40 cents to 50 cents per bottle and the quantity demanded decreases from 100 bottles to 50 bottles, then according to the averaging equation, the value of price elasticity of demand for Pepsi-Cola is:

The discount rate is the interest rate charged by:

A. The Federal Reserve when it lends money to private banks. B. A private bank when it lends money to another private bank. C. A private bank when it lends money to commercial customers. D. A regional Fed bank when it lends money to another regional Fed bank.

Which of the following groups lists the four factors of production?

A) labor, capital, land, entrepreneurship B) labor, capital, land, money C) labor, money, land, entrepreneurship D) labor, capital, money, entrepreneurship