If we ignore the negative or positive sign, the midpoint method of calculating a percentage change in price between two points on a demand curve results in
A) a smaller percentage change if the price rises than if it falls.
B) the same percentage, regardless of whether the price increases or decreases.
C) the price elasticity of demand.
D) the price elasticity of supply.
E) a higher percentage change if the price rises than if it falls.
B
Economics
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Refer to the figure above. When the real exchange rate is below R*:
A) net exports are negative. B) net exports are positive. C) net exports can be positive or negative depending on the value of R*. D) net exports are zero.
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A fall in the price of wheat fertilizer ________ the equilibrium price of wheat and ________ the equilibrium quantity of wheat
A) raise; increase B) raise; decrease C) lower; increase D) lower; decrease
Economics