Progressive Insurance's 'Tripsense' monitors driving patterns of the people who purchase the related insurance policy. This lowers insurance costs because
a. only more reckless drivers will accept the device
b. drivers will want to drive more carefully now
c. drivers will believe they can now drive more recklessly
d. it does not affect care in driving
b
Economics
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When the demand for a good is perfectly elastic, ________
A) total revenue is as large as possible B) the demand curve for the good is vertical C) the price elasticity of demand is infinite D) the price elasticity of demand is zero
Economics
Refer to Figure 4-1. If the market price is $1.00, what is the maximum number of burritos that Arnold will buy?
A) 1 B) 2 C) 3 D) 4
Economics