« previous next »

Author Question: If, for a producer, large changes in price lead to relatively small changes in quantity, the ... (Read 150 times)

frankwu

  • Hero Member
  • *****
  • Posts: 549
on: Jun 29, 2018
If, for a producer, large changes in price lead to relatively small changes in quantity, the producer's
 
  A) demand is price elastic.
  B) demand is price inelastic.
  C) supply is price elastic.
  D) supply is price inelastic.

Question 2

A voting procedure in which voters initially rank alternatives, the alternative with the fewest first-place votes is eliminated and those votes are transferred to each voter's next-favorite choice,
 
  and the process repeats until a winner emerges, is known as the
  A) Borda-count method.
  B) Condorcet method.
  C) instant runoff method.
  D) plurality-rule method


shaquita

  • Sr. Member
  • ****
  • Posts: 324
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Did you know?

Common abbreviations that cause medication errors include U (unit), mg (milligram), QD (every day), SC (subcutaneous), TIW (three times per week), D/C (discharge or discontinue), HS (at bedtime or "hours of sleep"), cc (cubic centimeters), and AU (each ear).

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Drying your hands with a paper towel will reduce the bacterial count on your hands by 45–60%.

Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o Mutualisms, such as those that occur among plants and pollinators, generally involve large numbers o
Snout and mouth of sand tiger shark, showing protruding teeth and small eyes Snout and mouth of sand tiger shark, showing protruding teeth and small eyes
Small copper, Binigaus, Minorca Small copper, Binigaus, Minorca
One Extinction May Lead to Another One Extinction May Lead to Another
An inguinal hernia. A portion of the small intestine is protruding through the abdominal muscles int An inguinal hernia. A portion of the small intestine is protruding through the abdominal muscles int
This battery-powered tester uses light-emitting diodes (LEDs), meter lead terminals, and two small ... This battery-powered tester uses light-emitting diodes (LEDs), meter lead terminals, and two small ...
Video: Retina

For a complete list of videos, visit our video library