A peck is 1/4 of a bushel.If the price elasticity of demand for oats is 0.60 when oats are measured in bushels, then when oats are measured in pecks, the price elasticity of demand for oats will be

A) 20.15.
B) 22.40.
C) 20.30.
D) 21.20.
E) none of the above.

What is the definition of a regressive tax?

When a company purchases background information on the market,industry,etc. ,to help aid in the decision-making process,they are engaging in which of the following types of research?

A) Ethnographic research.
B) Social media research.
C) Secondary research.
D) Primary research.
E) Observational research.

Related to the Economics in Practice on p. 716: By 2001, the majority of the fishing fleet in the Indian state of Kerala had mobile phones. As a result of the introduction of mobile phone service to this fishing industry, ________ increased and ________ decreased.

A) profits; consumer prices
B) consumer prices; productivity
C) consumer prices; competition
D) competition; profits

Rudolf Rational obeys the weak axiom of revealed preferences.His preferences don't change over time.One year he could afford bundle x but bought bundle y.If another year he buys bundle x, then he can't afford bundle y.

Which one of these is NOT one of Henry Fayol's 14 universal principles of management?

A) Esprit de corps
B) Equity
C) Authority
D) Diversity
E) Centralization