Question 1 ‍a firm started advertising its product and this changed the product’s elasticity from -2 to -1.5. using the formula ‍(p – mc)/p = 1/ |e| the firm should? a. ‍raise price from $10 to $15 b. ‍reduce price from $15 to $10 c. ‍raise price from $7.50 to $10 d. ‍reduce price from $10 to $7.50

What is the "great pacific garbage patch"? (a) a large area of marine debris concentrated by rotating ocean currents (b) a large area around the pacific rim where debris collects from natural disasters such as tsunamis (c) an area in the pacific ocean where trash is intentionally dumped due to lack of landfill availability (d) a large trash dump located in hawaii

Which of the following statements best describes the quantity theory of inflation? a. inflation occurs because production cost rise and this cost increase is passed on to consumers in the form of higher prices b. inflation occurs because there is too much money in the economy c. inflation occurs because demand of good and services exceeds existing supplies d. none of these

Dry land planting can benefit the environment by reducing the need for tillagate