An economist recently estimated that for every 1% increase in the price of fries at fast food restaurants, 0.44 percent fewer french fries are sold. This indicates that the demand for fast food french fries is

a. inelastic
b. unit-elastic
c. elastic.
d. perfectly inelastic

Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.

When the price of pencils increases from $1.50 to $2.50, there is an increase in quantity demanded of pens from 100 to 150. the cross-price elasticity of demand between pencils and pens is: ?

What is difference between fiscal year and tax year? explain in the simplest way.