Using the midpoint method, if the price of an airline ticket from Orlando to Pittsburgh falls from $275 to $238, the percentage change in price is
A) 1442 percent.
B) 14.42 percent.
C) 15.54 percent.
D) 13.45 percent.
E) 68.00 percent.
B
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In a supply-demand diagram, the law of supply is illustrated by
a. shifting the supply curve to the right as suppliers expand production and to the left as they contract production. b. drawing the supply curve so that it slopes upward. c. showing how the equilibrium point changes as the supply curve shifts. d. drawing a vertical line at the quantity that producers choose to supply.
If there are 10,000 people in your age bracket, and 10 of them died last year, an insurance company believes that the probability of someone in that age bracket dying this year would be
A) 0. B) .001. C) .0001. D) 1,000.
The purpose of antitrust laws is to:
a. reduce anticompetitive activities. b. regulate electric companies. c. guarantee worker safety. d. promote quality products.
According to the Keynesian model, in what ways will expansionary fiscal policy stimulate aggregate demand?