Plurality voting ________ the ideal voting-system criteria.

For U.S. consumers, the income elasticity of demand for fruit juice is 1.1. If the economy enters a recession next year and consumer income declines by 2.5%, what is the expected change in the quantity of fruit juice demanded next year?

A) -2.75% B) +2.75% C) -27.5% D) +27.5%

A monopoly exists when there is only one producer in an industry, and no close substitutes for the product exist

a. True b. False Indicate whether the statement is true or false