You are the manager of a local flower shop and you compete with one other flower shop in your area. You estimate the cross-price elasticity of demand between your flowers and your competitor's flowers to be 2.60. If your competitor decreases the price of her flowers by 10 percent, you should expect which of the following?
A) a 2.6 percent decrease in the demand for your flowers
B) a 26 percent increase in the demand for your flowers
C) a 2.6 percent increase in the demand for your flowers
D) a 26 percent decrease in the demand for your flowers
D) a 26 percent decrease in the demand for your flowers
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A change that Navajo arts has undergone as a response to market forces is the __________
a. beginning of weaving as a Navajo art b. emergence of full-time artist specialists c. contracting of non-Navajo artists to produce Navajo art d. switch from hand weaving to machine weaving of Navajo blankets
The oldest known New World fossil monkey is dated at about:
A. 65 million B.P. B. 45 million B.P. C. 27 million B.P. D. 10 million B.P.
Which of the following is a characteristic of most foraging societies?
A. Social stratification B. Sedentism C. Egalitarianism D. Irrigation E. Large populations
In __________,a jealous husband or rejected suitor may seek revenge against a woman by throwing acid on her face and body
a. Kenya b. Greece c. Pakistan d. Vietnam