The quantity of new cars increases by 10 percent. If the price elasticity of demand for new cars is 1.25, the price of new cars will fall by
A) 2.5 percent.
B) 8 percent.
C) 10 percent.
D) 12.5 percent.
B
Economics
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In the United States over the past century, real GDP per person has grown by about __________ percent per year
Fill in the blank(s) with correct word
Economics
Comparing the European and the U.S. central bank systems, the Executive Board of the European system resembles:
A. the Board of Governors. B. the FOMC. C. the Presidents of the regional Federal Reserve Banks. D. the Chairman of the Board of Governors of the Fed.
Economics