If a 2 percent increase in the price of a good leads to a 10 percent decrease in the quantity demanded, the price elasticity of demand for the good equals ________.
A) 5.0 B) 2.0 C) 0.25 D) 0.20
A) 5.0
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What makes Ardipithecus ramidus unique?
A) It had the modified pelvis and flattened face seen in much later hominin species. B) It was massive with body sizes much larger than a modern gorilla. C) It combined ape-like dentition with bipedalism. D) It was neither bipedal nor big-brained but used tools.
For a particular product the Qd = (20 million) - (2.5 million × P) and QS = (0) + (2.5 million × P). If the current price is $5, which of the following is true?
A) The current price is equal to the equilibrium price. B) There is a shortage of the product in the market. C) There is a surplus of the product in the market. D) The quantity demanded equals the quantity supplied.
Whose research indicates that the cave paintings and sculptures were generally of those animals that were not a big part of the diet of the cave painters?
A) Andre Leroi-Gourhan B) Richard Klein C) D. Bruce Dickson D) Margaret Conkey E) Alexander Marshack
In all societies, generalized reciprocity exists among __________
A) families B) neighbors C) strangers D) friends