The movement of households from rural to urban settings reduced the degree of specialization in household production

If a 2 percent change in price leads to a ________ percent change in the quantity demanded, then demand is ________

A) 2; elastic B) 1; unit elastic C) 3; inelastic D) 1; inelastic E) 0; perfectly elastic

Refer to Figure 11-4. Using the per-worker production function in the figure above, the largest changes in an economy's standard of living would be achieved by a movement from

A) D to B to E. B) C to B to A. C) A to B to C. D) E to B to D.