When the absolute value of price elasticity of demand is ________, the category is price elastic

A) less than 1
B) equal to 0
C) greater than 1
D) equal to 1


C

Business

You might also like to view...

Which of the following statements does not properly describe accounting for OPEB plans?

A. OPEB plans are deemed to be riskier than other debt instruments. B. Losses related to OPEB arise from a decrease in the discount rate assumptions. C. OPEB plans are mandatorily funded under the same ERISA rules as pension plans. D. Losses related to OPEB arise from an increase in the life expectancy assumptions.

Business

The content outline of a report

a. is a formal section of the report that serves to define and organize the content. b. is an optional prerequisite to writing a formal report. c. is a planning document that is subject to modification as the writer develops the report. d. must have three major points.

Business

If stock A has a greater standard deviation than stock B then it must also have a greater return

Indicate whether the statement is true or false.

Business

The law regarding the kinds of credit that may be applied to personal property is:

a. the common law of torts b. Art. 2 of the UCC c. the law of preferred interests d. the Bankruptcy Code e. none of the other choices

Business