In comparing the change in prices of different items, it is preferable to
A) compare the percentage changes in the prices.
B) compare the prices of the items directly.
C) analyze the main causes of the price changes.
D) include historical trends of the prices.
Correct Answer:
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Q15: If the price elasticity of demand is
Q16: If the price elasticity of demand is
Q17: If the price increases by 100% and
Q18: The price of gold increases by 200%.
Q19: If quantity demanded rises by 60% and
Q21: If oranges cost $4 a bag last
Q22: If sales of apples decrease by 5%
Q23: If the price of Citgo gasoline increases
Q24: A demand curve that is inelastic
A) means
Q25: (Table) Refer to the demand schedule
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