Let X be the number of hours you spend studying for an exam on Wednesday afternoon and Y be your chances of winning the Wednesday night state lottery. What kind of a relationship do you most likely expect between X and Y?

If John purchases 10 percent more compact discs when his income increases 5 percent, then:

a. his total expenditure on compact discs will fall as his income increases. b. compact discs would be classified as an inferior good. c. compact discs would be price elastic. d. compact discs would be income inelastic. e. compact discs would be income elastic.

Use the table below to answer the following question.PriceQuantity Supplied$101089684726Over the $8 to $6 price range, supply is

A. zero. B. unit-elastic. C. elastic. D. inelastic.