If Pacific Power and Light increased its rates by 10% and experienced a 2% reduction in the demand for power, the demand would be
A. elastic.
B. minimal.
C. minor elasticity.
D. variable.
E. inelastic.
Answer: E
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An increase in the amount of discount loans by the Fed
A. increases the money supply by an amount equal to the increase in the loans times the multiplier. B. decreases the money supply by an amount equal to the increase in the loans times the multiplier. C. decreases the money supply by an amount greater than the increase in the loans times the multiplier. D. increases the money supply by an amount lower than the increase in the loans times the multiplier.
Under the doctrine of strict liability, care and caution mitigate liability.
Answer the following statement true (T) or false (F)
When writing a message offering constructive criticism, one's primary consideration should be
a. identifying who made the error. b. offering input that could benefit many. c. getting even for the mistake that was made. d. none of the above.
Which sentence is expressed correctly?
A) We processed over 8,000 customer orders last month; this month, only 5,000. B) ?We processed over 8000 customer orders last month; this month, only 5000. C) We processed over 8,000 customer orders last month; this month only 5,000.