If the quantity of bread demanded rises 2 percent when the price of bread declines 10 percent, then the price elasticity of demand is:

An example of a frictionally unemployed individual is

a. Sylvia, who quit her job to spend more time with her children b. Rod, the lifeguard, who cannot find a job because the temperature is too low in October c. Ileana, a college student who quits her job to return to school d. Steve, an individual does not have skills to keep his job as an aerospace engineer e. Samantha, who quits her job to look for better one

The costs borne by an individual victim of theft can diverge from the social costs if the

A. stolen items were destroyed by the thief. B. stolen items were priceless. C. stolen items were recovered for the victim by the police. D. all of the options are correct.