Sharon consumes 10 chocolates when the price of one chocolate is $2. If her arc elasticity of demand for chocolates is -1, she consumes ________ chocolates when the price increases to $4
A) 5
B) 6
C) 8
D) 9
A
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An increase in the price of good 2 will cause the demand curve for good 1 to shift out.
Answer the following statement true (T) or false (F)
What happens to the present value of $1 one year from now if the market rate of interest falls? Explain
What will be an ideal response?
Mergers and acquisitions
A) are usually associated with business success. B) are usually successful as management styles usually blend easily. C) are illegal if the firms were competitors. D) can sometimes lead to the loss of a core competency. E) can be successful if they add to the value chain.
Unexpected inflation arbitrarily
A. "subsidizes" those who receive fixed money incomes. B. "taxes" those who receive fixed money incomes. C. "penalizes" those who borrow money. D. "benefits" those who save money.