According to the above table, what is the absolute price elasticity of demand if price falls from $8.00 to $7.50?

Blu-ray disc players, iPhones, and hybrid cars are generally considered to be ________ goods

A) service B) nondurable C) durable D) intermediate

The aggregate demand curve illustrates that, as the price level rises

A) the quantity of real GDP demanded increases. B) the quantity of real GDP demanded decreases. C) the AD curve shifts rightward. D) the AD curve shifts leftward.