The quantity of raspberries sold at a local store increases from 100 pints to 1,500 pints when the price is reduced from $4.00 to $1.00. In this situation, the absolute price elasticity of demand for raspberries is approximately

When cyclical unemployment increases and other things remain the same, ________

A) the natural unemployment rate increases B) the amount of frictional unemployment increases C) the amount of structural unemployment decreases D) the natural unemployment rate does not change

Explain who gains and who loses from an import quota and why the losses exceed the gains

What will be an ideal response?