If the quantity of tickets to the fair sold decreases by 10 percent when the price increases by 5 percent, the price elasticity of demand over this range of the demand curve is:
a. price elastic.
b. price inelastic.
c. perfectly inelastic.
d. unitary elastic.
a
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Refer to Table 9-12. With trade, what is the total gain in belt production?
A) 20 B) 40 C) 60 D) 120
If the demand for textbooks is inelastic, then an increase in the price of textbooks will
a. increase total revenue of textbook sellers. b. decrease total revenue of textbook sellers. c. not change total revenue of textbook sellers. d. There is not enough information to answer this question.
From 1982 until 2000, stock prices rose dramatically. As measured by the Standard and Poor's 500 composite, stocks went from under ________ to above ________ during this period.
A. 10,000; 200,000 B. 200; 1,400 C. 1,000; 11,000 D. 400; 5,000
Which of the following companies was broken up by the government?
A. Standard Oil B. Office Depot C. Wonder Bread D. Southwest Airlines