Because of the absolutism concept of poverty, a poor family in the United States will fall within the same category as a poor family in Cuba

According to the above table, what is the absolute price elasticity of demand if price falls from $8.00 to $7.50?

A) 4.00 B) 2.82 C) 1.80 D) 1.21

The marginal cost curve of pollution abatement is

A) downward sloping. B) upward sloping. C) upward sloping up to a given level and then downward sloping. D) vertical.