Price elasticity of demand is the percent change in demand divided by a percent change in price
Indicate whether the statement is true or false
TRUE
You might also like to view...
Maslow's levels of needs, in order from lowest (most basic) to highest level, are
A. self-actualization, esteem, love, safety, and physiological. B. safety, love, esteem, self-actualization, and physiological. C. physiological, safety, self-actualization, esteem, and love. D. safety, physiological, esteem, love, and self-actualization. E. physiological, safety, love, esteem, and self-actualization.
The major characteristic that is used to differentiate intermediaries from one another is whether they:
a. create specialization of labor. b. create economies of scale. c. raise profit margins for independent middlemen. d. take title to the products they sell.
The ________ is commander-in-chief of the armed forces
A) secretary of state B) secretary of defense C) vice-president D) president
Insider trading is illegal only if the person with secret information has a duty to disclose to those with whom he trades, thus in Chiarella v US, Mr. Chiarella was found innocent
a. True b. False Indicate whether the statement is true or false