The regulatory agency most concerned with false advertising is the
A) Antitrust Division of the Justice Department.
B) National Labor Relations Board.
C) Federal Deposit Insurance Corp.
D) Federal Trade Commission.
Answer: D
Economics
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If the percentage change in the quantity demanded is not zero but is less than the percentage change in the price, demand is
A) elastic. B) inelastic. C) unit elastic. D) perfectly elastic. E) perfectly inelastic.
Economics
Using the data in the table above, when the price of a skirt rises from $20 to $35, what is the price elasticity of demand? (Use the midpoint method.)
A) 0.33 B) 0.25 C) 1.00 D) 1.33 E) 3.00
Economics