Consider a 20 percent increase in the price of a 2 pound bag of sugar and a 20 percent increase in the price of first-class airline travel. In response to the price changes, which of the following is most likely to be true?

A) The total revenue from first-class airline travel will not change.
B) The percentage change in the quantity demanded for a 2 pound bag of sugar will be larger than the percentage change in the quantity demanded for first-class airline travel.
C) Because first-class airline travel is a luxury good, the quantity demanded will not change with the 20 percent increase in price.
D) The percentage change in the quantity demanded for first-class airline travel will be larger than the percentage change in the quantity demanded for a 2 pound bag of sugar.


D) The percentage change in the quantity demanded for first-class airline travel will be larger than the percentage change in the quantity demanded for a 2 pound bag of sugar.

Anthropology & Archaeology

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According to Flannery (1999), only ranked societies that have undergone a loss of village autonomy

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Anthropology & Archaeology

What is a burin?

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Anthropology & Archaeology

The hijras of India are anatomically male at the time of their birth. However, after having their genitals surgically removed, they dress like females and engage in certain male-only activities like smoking water pipes

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Anthropology & Archaeology

Archaeologists offer all of the following as explanations for cave art except:

a. They were drawn to magically increase the chance of a successful hunt. b. They contain coded information about the hunt. c. They were made for ritual use. d. They depict things seen by shamans during trance. e. They are for decorating the cave.

Anthropology & Archaeology