Suppose you are given the following demand data for a product.PriceQuantity Demanded$1030940850760670Using the regular percentage change formula, what is the price elasticity of demand when price increases from $6 to $7?

The nominal interest rate is approximately equal to the real interest rate minus the inflation rate

Indicate whether the statement is true or false

Which one of the following is an example of an economic investment?

A. Putting money in a bank CD B. Buying a corporate bond or stock C. Purchasing shares of a mutual fund D. Building a new bank office