When the absolute price elasticity of demand equals 2.5, demand is
A) elastic.
B) unit-elastic.
C) inelastic.
D) undetermined without more information.
A
Economics
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If a firm supplies 200 units at a price of $50 and 100 units at a price of $40, using the midpoint method, what is the price elasticity of supply?
A) 0.33 B) 1.00 C) 3.00 D) 5.00 E) 8.50
Economics
If gross investment in 2016 is $525 billion and depreciation in 2016 is $650 billion, net investment in 2016 is
A. -$650 billion. B. -$125 billion. C. $125 billion. D. $1,175 billion.
Economics