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Author Question: Motorola reduced the price of the electronic engine control that it sells to Ford by 10 percent and ... (Read 98 times)

LaDunn

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on: Jun 28, 2018
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

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Reply #1 on: Jun 28, 2018
Answer to Question 1

A

Answer to Question 2

e


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LaDunn

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Reply #2 on: Jun 28, 2018
Thank you


Kdiggy

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Reply #3 on: Jun 28, 2018
No problemo


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