Lee pays 1% per month interest on his credit card account. When his monthly rate is multiplied by 12, the resulting answer is referred to as:

When a movie theater increases its price from $6 to $7, its quantity demanded decreases from 600 to 400 seats. Its price elasticity of demand (expressed as a positive number) equals _____

a. 0.2 b. 0.9 c. 1.8 d. 2.6

A signature on a negotiable instrument can be any name, word, or mark used in lieu of a written signature

Indicate whether the statement is true or false