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
Bottom-up control versus top-down control.
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