If the price of gasoline rises by 20 percent and consumption of gasoline falls 5 percent,

a. demand is elastic.
b. demand is unit-elastic.
c. demand is inelastic.
d. elasticity of demand cannot be calculated.

c

Economics

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A. MB = 0. B. MB = ~ C. MC = 0. D. MC = ? . E. MB = MC.

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The U.S. poverty rate over the last 10 years has been between _____%.

A. 6-11 B. 11-16 C. 16-21 D. 21-26

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