If demand is elastic, will sellers consider lowering their prices? Explain your answer
What will be an ideal response?
Yes. A lower price will produce more needed revenue, as consumers will respond to the change in price and buy more.
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A restriction on commercial speech is valid as long as it forbids only the expression of views on controversial issues.
Answer the following statement true (T) or false (F)
Edie needs $1,500 to buy textbooks and other school supplies. Frank agrees to loan Edie $1,500, accepting as collateral Edie's car. They put their agreement in writing and sign it. Edie keeps possession of the car. Does Frank have an enforceable security interest? How can Frank let other creditors know of his interest in the car?
What will be an ideal response?
A person is notified that a lawsuit has been filed against them by a:
a. default judgment b. summons c. venue d. quasi in rem e. none of the other choices are correct
When executed properly, systematic random sampling creates a sample of objects or prospective respondents that is very similar in quality to a sample drawn using simple random sampling.
Answer the following statement true (T) or false (F)