Refer to Figure 5-13. The efficient equilibrium quantity of gasoline is ________ million gallons per month

The unemployment rate measures the percentage of:

a. people in the civilian labor force who are without jobs and actively seeking jobs. b. the U.S. population that is out of work and actively seeking a job. c. the civilian noninstitutionalized population that is out of work and actively seeking a job. d. people over age 21 who are without jobs and actively seeking jobs.

If an increase in the price of a product from $1 to $2 per unit leads to a decrease in the quantity demanded from 100 to 80 units, then demand is

a. elastic b. inelastic c. of unitary elasticity d. 0 e. inferior