1.When the price of popsicles rose from $10 to $11, consumer expenditures on them dropped by 10%, indicating that: A. Demand for popsicles had a price elasticity of -1 B. Demand for popsicles was price-elastic C. Popsicles are a normal good D. Popsicles are an inferior good E. More than one answer is correct 2. (5 points) At a price of $10, Jane would buy 8 CDs. At a price of $12, Jane would buy 6 CDs. Her price elasticity of demand would then be: A. -1/2 B. -11/7 C. -5/4 D. -5/8 E. -4/5 Explain!