Author Question: Motorola reduced the price of the electronic engine control that it sells to Ford by 10 percent and ... (Read 110 times)

LaDunn

  • Hero Member
  • *****
  • Posts: 526
Motorola reduced the price of the electronic engine control that it sells to Ford by 10 percent and experienced a 15 percent increase in quantity demanded. This suggests that Ford's price elasticity of demand is:
 A) elastic.
  B) inelastic.
  C) neither elastic nor inelastic.
  D) insensitive to price changes.
  E) none of the answer choices.

Question 2

The Big Data analysis technique that is used to extract patterns from large datasets is known as:
 a. Data discovery
 b. Data detection
 c. Data prospecting
 d. Data fusion
 e. Data mining



Kdiggy

  • Sr. Member
  • ****
  • Posts: 340
Answer to Question 1

A

Answer to Question 2

e



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question


 

Did you know?

Amoebae are the simplest type of protozoans, and are characterized by a feeding and dividing trophozoite stage that moves by temporary extensions called pseudopodia or false feet.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

For a complete list of videos, visit our video library