If a 5 percent decrease in the price of a good produces a 5 percent increase in the quantity demanded, the price elasticity of demand is:

To achieve faster growth, economies can increase income tax rates in order to increase saving rates

Indicate whether the statement is true or false

Refer to the above table. There is an excess quantity supplied of 2,000 units at a price of

A) $450. B) $500. C) $600. D) $700.