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Author Question: Refer to the scenario above. Tom is likely to get a defective phone if: A) he pays an amount of ... (Read 89 times)

jilianpiloj

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  • Posts: 521
on: Jun 29, 2018
Refer to the scenario above. Tom is likely to get a defective phone if:
 
  A) he pays an amount of 80.
  B) he pays an amount of 100.
  C) he pays an amount of 40.
  D) he pays an amount of 120.

Question 2

If 80,000 people want tickets to the World Series at the current price, and there are only 55,000 tickets available,
 
  A) the cost of obtaining a ticket for someone who doesn't yet have one will be greater than the price stamped on its face.
  B) the demand for tickets is highly elastic.
  C) the price is too low.
  D) the quantity purchased will be greater than the quantity supplied.


Shshxj

  • Sr. Member
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  • Posts: 335
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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