« previous next »

Author Question: If, for a producer, large changes in price lead to relatively small changes in quantity, the ... (Read 149 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?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

A serious new warning has been established for pregnant women against taking ACE inhibitors during pregnancy. In the study, the risk of major birth defects in children whose mothers took ACE inhibitors during the first trimester was nearly three times higher than in children whose mothers didn't take ACE inhibitors. Physicians can prescribe alternative medications for pregnant women who have symptoms of high blood pressure.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Vampire bats have a natural anticoagulant in their saliva that permits continuous bleeding after they painlessly open a wound with their incisors. This capillary blood does not cause any significant blood loss to their victims.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Comparison of small subunit (SSU) rRNA gene sequences from three animals and a protist. Comparison of small subunit (SSU) rRNA gene sequences from three animals and a protist.
Meningocele. (a) A meningocele is a herniation of the meninges, usually associated with the spinal c Meningocele. (a) A meningocele is a herniation of the meninges, usually associated with the spinal c
The Taung Child, the first of the australopithecines to be discovered, is the type specimen for Aust The Taung Child, the first of the australopithecines to be discovered, is the type specimen for Aust
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
Sensor and Lead Placement and Marking Codes Sensor and Lead Placement and Marking Codes
Absorption Methods in the Small Intestine Absorption Methods in the Small Intestine
Video: SNP Polymorphysim Microarray Chip - How to Test a Person's DNA

For a complete list of videos, visit our video library