"The Soviet economy is proof that, contrary to what many skeptics had earlier believed, a socialist command economy can function and even thrive.". This statement is from:

If a landlord will rent an apartment only to married couples, the landlord is using a ________ allocation method

A) majority rule B) market price C) contest D) personal characteristics E) command

If price elasticity of demand is 2.0, this implies that consumers would

a. buy twice as much of the good if price falls by 10 percent b. require a 2 percent cut in price to raise quantity demanded of the good by 1 percent c. buy 2 percent more of the good in response to a 1 percent cut in price d. require at least a $2 increase in price before showing any response to the price increase e. buy twice as much of the good if the price drops 1 percent