If the demand for a good is elastic 1 point A. The percentage change in quantity demanded is less than the percentage change in price. B. People do not change the quantity demanded if the price changes. C. People substantially decrease the quantity demanded if the price rises by a small amount. D. People substantially increase the quantity demanded if the price rises by a small amount. E. People substantially increase the quantity demanded if their income increases by a small amount.

An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?

What is the relationship between credit and debt?

In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?