If the absolute price elasticity of demand is 2.0, a 5 percent decrease in price will increase quantity demanded by

If Katie purchases two slices of pizza and six breadsticks to maximize her total utility, then

A) a slice of pizza costs three times as much as a breadstick. B) a breadstick costs three times as much as a slice of pizza. C) her marginal utility from the second slice of pizza divided by the price of a slice of pizza is equal to her marginal utility from the sixth breadstick divided by the price of a breadstick. D) Both answers A and C are correct.

Refer to Table 7-6. If the actual terms of trade are 1 belt for 1.5 swords and 50 belts are traded, how many belts will Estonia gain compared to the "without trade" numbers?

A) 0 B) 10 C) 40 D) 50