The government defines poverty as an income level less than three times the cost of a minimal diet

If a 20 percent increase in the price of a used car results in a 10 percent decrease in the quantity of used cars demanded, then the price elasticity of demand equals

A) 0.5. B) 1.0. C) 2.0. D) 10.0.

If the population increases, then potential GDP ________ and employment ________

A) increases; increases B) increases; decreases C) decreases; increases D) decreases; decreases