If the price of food falls by 10 percent and the quantity sold increases by 5 percent, then the price elasticity of demand in that range equals

a. 2, and demand is elastic
b. 0.5, and demand is elastic
c. 2, and demand is inelastic
d. 0.5, and demand is inelastic
e. 15, and demand is elastic

Economics

Mezzanine debt funds hold quite __________ assets issued by __________ companies

A) risky; small to midsized B) risky; large C) safe; small to midsized D) safe; large

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Economics

Explain the capture hypothesis

What will be an ideal response?

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Economics