Price elasticity of demand for a good has been calculated as - 6.0, therefore the good is:

If the price of cappuccino on campus falls from $5 to $3 and the quantity demanded increases from 15 to 20, then the price elasticity of demand is approximately

A) 0.47, which mean cappuccino is inelastic. B) 0.57, which means cappuccino is inelastic. C) 1.75, which means cappuccino is elastic. D) 2.25, which means cappuccino is elastic.

Labor force participation is a guaranteed ticket out of poverty

Indicate whether the statement is true or false