7 Imagine that your guacamole company depends on avocados that are grown in Mexico. When there is a drought in Mexico and avocados are not
able to grow, how is this likely to affect your business for the next year of production?
ОА.
Avocados will be cheaper than they were in the past.
The lack of avocados could make your business fail,
OB
Ос.
Guacamole profits will rise because the demand for it will be very highing
There will be more sales of guacamole in the United States.
D.

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

Suppose there is a 6 percent increase in the price of good x and a resulting 6 percent decrease in the quantity of x demanded. price elasticity of demand for x is a. 0 b. 6 c. 1 d. 36

Multiple-choice questions have a special grading rule determined by your instructor. assume that your instructor has decided to grade these questions in the following way: if you submit an incorrect answer to a multiple-choice question with n options, you will lose 1/(nâ’1) of the credit for that question. just like the similar multiple-choice penalty on most standardized tests, this rule is necessary to prevent random guessing. if a multiple-choice question has five answer choices and you submit one wrong answer before getting the question correct, how much credit will you lose for that part of the question? multiple-choice questions have a special grading rule determined by your instructor. assume that your instructor has decided to grade these questions in the following way: if you submit an incorrect answer to a multiple-choice question with options, you will lose of the credit for that question. just like the similar multiple-choice penalty on most standardized tests, this rule is necessary to prevent random guessing. if a multiple-choice question has five answer choices and you submit one wrong answer before getting the question correct, how much credit will you lose for that part of the question? 100% 50% 33% 25% 20%