The following scatterplot displays the 1990 per capita income versus number of deaths due to traffic accidents per 100,000 people for each of the 50 states plus the District of Columbia.Which of the following is a plausible value for the correlation coefficient between weight and MPG?

A) +0.2
B) –0.5
C) +0.7
D) –1.0

Answer: B) –0.5

Economics

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How does elasticity affect a company's pricing policy?

(A) If demand is unitary elastic, the company knows that a decrease in price would decrease total revenues. (B) If demand is unitary elastic, the company knows that an increase in price would increase total revenues. (C) If demand is elastic at the current price, the company knows that an increase in price would reduce total revenues. (D) If demand is inelastic at the current price, the company knows that an increase in price would reduce total revenues.

Economics

Briefly state several reasons for the decline in sales for McDonald's in 2001-2002

What will be an ideal response?

Economics