If the price elasticity of demand for football tickets is 4.5, then a 10 percent increase in the price of football tickets will generate a
a. 4.5 percent decrease in quantity demanded
b. 4.5 percent increase in quantity demanded
c. 45 percent decrease in quantity demanded
d. 45 percent increase in quantity demanded
e. 450 percent increase in quantity demanded
C
Economics
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What will be an ideal response?
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The powers of the Federal Reserve System do not include: a. the ability to buy and sell U.S. government securities
b. the ability to extend loans to commercial banks. c. the ability to provide deposit insurance for customers of member banks. d. the ability to impose reserve requirements on both member and nonmember commercial banks. e. the authority to clear checks.
Economics