The Daily Gazette charges $1.00 for its newspaper and has 150,000 subscribers. The publishers decided to reduce the price of the paper to $0.75 in hopes of attracting new subscribers. However, the price reduction resulted in only 500 new subscribers. This represents demand that is ________.
Fill in the blank(s) with the appropriate word(s).
inelastic
Inelastic demand refers to a situation in which a specific change in price causes only a small change in the amount purchased.
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The alternative hypothesis: the percentage of Internet users who use the Internet for shopping is greater than .40, is a ________
A) Type I error B) two-tailed test C) Type II error D) one-tailed test
What are the ramifications of improper electronic recycling, when analyzing the example of a single desktop computer?
A. One computer contains more than 700 chemicals that can be toxic to the environment. B. Computers in landfills can leak these toxic chemicals into our land, water, and air. C. Computers contain high levels of mercury, lead, and cadmium-harmful toxins. D. All of these.
Staying open longer hours, increasing the use of mail and phone orders, and purchasing goods through vendors with faster delivery times allows a retailer to _____
a. increase its return on assets b. increase its profit margins c. increase its financial leverage d. decrease its return on assets
Which of the following provisions protects the interest of a joint tenancy upon the death of a joint tenant?
A) the quiet title action B) the estate in land C) the right of survivorship D) the quitclaim deed