Question 17 (0.5 points) Listen Consider the market for cigarettes. Suppose that the price is initially $15 per pack and the quantity demanded is 1,000 packs per month, then the price rises to $17 per pack and the quantity demanded falls to 900 packs per month. The percent change in price led to a percent change in the quantity demanded. OA) 11.8; 11.1 B) 12.5; 10.5 C) None of these answers is correct. OD) 8.0; 9.5 E) 13.3; 10.0 Question 21 (0.5 points) Listen Which of the following is a microeconomic topic? i. Gas prices increase after a hurricane hits the gulf coast. ii. Economic growth is slowing. iii. Abby decides to practice an extra hour of soccer instead of studying. OA) i and iii OB) i, ii and iii OC) i only D) ii only E) ii and iii
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