Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the price elasticity of demand equals
A) -1.5.
B) -0.67.
C) -4.
D) -2.5.
B
Economics
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The first banking crisis of the 1930s was probably caused by
a. low farm prices. b. the stock market crash. c. antagonism between Wall Street banks and Main Street banks. d. Bank of England attempts to preserve the gold standard by raising interest rates.
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How can the money supply impact interest rates and investment?
a. M? ? i? ?I??AD??Y? b. M? ? i? ?I??AD??Y? c. M? ? i? ?I??AD??Y? d. M? ? i? ?I??AD??Y?
Economics