In the figure above, when the price rises from $3 to $4, the price elasticity of demand is
A) 1.4.
B) 2.
C) 0.71.
D) 0.4.
E) 1.
A
Economics
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Discouraged workers are classified by the BLS as
A) out of the labor force. B) part-time employees. C) employed. D) part of the labor force. E) unemployed.
Economics
Refer to the figure below. At a price of $9, there will be:
A. an excess supply of 5 units. B. an excess demand of 1 unit. C. an excess demand of 5 units. D. an excess supply of 6 units.
Economics