If the price of electricity rises five percent and quantity demanded falls one percent, then the price elasticity of demand for the good is_____.

Group of answer choices

inelastic

elastic

infinite

zero

2 Which of the following wouldnotshift the supply curve?

Group of answer choices

A fall in the price of the good

A rise in the expected future price of the good

A fall in the costs of production of the good

A negative supply shock that destroys a portion of output

3 According to the Economic Freedom Index,

Group of answer choices

countries with the highest economic freedom enjoyed the highest per capita GDP.

countries with the highest economic freedom enjoyed the lowest per capita GDP.

countries with the lowest economic freedom enjoyed the highest per capita GDP.

there is no relationship between economic freedom and per capita GDP.