If the price of orange juice rises 10%, and as a result the quantity demanded falls by 8%, the price elasticity of demand for orange juice is
A) -1.25.
B) -80.0.
C) -0.80.
D) -10.0.
C
Economics
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Which of the following examples would lead to a demand for German marks? a. Judy Potter, an American, wants to purchase a German automobile
b. Jim Potter, Judy's husband, wants to purchase German stocks. c. IBM, Judy's employer, wants to buy a small computer firm in Germany. d. All of the above.
Economics
Which of the following is NOT a barrier to entry?
A) patents B) licenses C) economies of scale D) U.S. antitrust legislation
Economics