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An increase in the interest rate is expected to cause the optimal level of human capital investment for an individual to:
A. rise.
B. fall.
C. remain unchanged.
D. None of the above is correct.
Business Economics, Economics
Suppose that the price of a product falls from $70 to $60, and the quantity demanded as a result increases from 30 units to 40 units. Calculate the price elasticity of demand for this product. Is the product elastic, ine ...
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