If Delta Airlines lowers the P for its round trip tickets between Des Moines and Orlando, it will increase its TR (= total revenue) or total $ sales of those tickets if the Eo of D (ignoring the sign) for those tickets is:
a) 0
b) greater than 1
c) = 1
d) < 1
e) inelastic
b) greater than 1
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The top ten causes of death in the United States in 2010 included all of the following but
a. heart disease. b. cancer. c. suicide. d. kidney failure. e. AIDS.
Which of the following describes the time period during which the international monetary system operated on a managed float system?
a. From the late 19th century until the beginning of World War I. b. In the period between World War I and World War II. c. During the period of the Bretton Woods agreement from 1944 to 1971. d. Since the end of the Bretton Woods agreement.
How much is induced consumption when disposable income is $4 trillion?
A. 0
B. $1 trillion
C. $2 trillion
D. $2.5 trillion
If the interest rate is 12%, the current market value of $1 to be delivered in one year is
A. $0.89. B. $0.95. C. $1.00. D. $1.15.