If at a price of $24, Octavia sells 36 home-grown orchids and at $30 she sells 24 home-grown orchids, the demand for her orchids is
A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly elastic.
Answer: A
Economics
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Categorization of activities in an organization along product or geographic lines is called:
a. globalization. b. decentralization. c. functionalization. d. divisionalization.
Economics
In 2011, a household with an annual income of $23,000 would find itself in the:
A. highest quintile of the household income distribution. B. lowest quintile of the household income distribution. C. second lowest quintile of the household income distribution. D. second highest quintile of the household income distribution.
Economics