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NEW QUESTION: 1
If the price elasticity of demand for a normal good is estimated to be 2.5, a 5% reduction in
its price causes:
A. Total revenue to fall by 12.5%.
B. Quantity demanded to rise by 12.5%.
C. Quantity demanded to decrease by 5%.
D. Total revenue to fall by 5%.
Answer: B
Explanation:
Price elasticity is the percentage change in quantity demanded divided by the percentage change in price. An elasticity of 2.5 means that the change in demand will increase by 250% of any change in price measured in absolute terms (the minus sign is ignored). Hence, a 5% price reduction increases demand by 12.5% (2.5 5%).
NEW QUESTION: 2
A. Option B
B. Option A
C. Option C
D. Option D
Answer: A
NEW QUESTION: 3
A customer requires five HPE ProLiant servers that will be mounted in a rack and shipped from site to site All servers must be online within an hour of site arrival Solution: Triple+ Parity RAID protection will ensure that the servers win be available to the business if travel motion has damaged a DIMM
A. Yes
B. No
Answer: A
NEW QUESTION: 4
What type of documents can NOT be added to a Cast Iron project?
A. Flat File Schema (FSD).
B. Webservices Description Language (WSDL).
C. Shell Script (sh).
D. XMLSchema (XSD).
Answer: C
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