Which functional group is present in glycerol?
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The income elasticity of demand for bikes is 1.1, and the in…
The income elasticity of demand for bikes is 1.1, and the income elasticity of demand for bus tickets is -0.8. Based on these estimates, a bike is a _____ and a bus ticket is a _____.
When the price of a good increases and the quantity demanded…
When the price of a good increases and the quantity demanded decreases, this is an example of
In the market for apartment rentals, the demand and supply e…
In the market for apartment rentals, the demand and supply equations are given by QD = 10,000 – P and QS = 2P + 5,500, where P is the price per apartment and Q measures the quantity of apartments. What happens at a price floor of $2,000?
Alex is willing to pay $75 for a pair of Nike sneakers. He b…
Alex is willing to pay $75 for a pair of Nike sneakers. He bought a pair for $55. The sneakers cost Nike $40 to make. What is the producer surplus?
Suppose that the government increases the sales tax on brand…
Suppose that the government increases the sales tax on brand new cars. Since used cars and brand new cars are ____, we expect the prices for used cars to ____.
Assume the equilibrium price for gasoline is $4 per gallon i…
Assume the equilibrium price for gasoline is $4 per gallon in Tucson. The government, worried about the citizens, sets a maximum allowable price of $3.5 per gallon of gasoline. This policy will
The vast majority of trials happen in which type of court?
The vast majority of trials happen in which type of court?
Suppose Arizona passes a law that requires Arizona residents…
Suppose Arizona passes a law that requires Arizona residents to pay 6% sales tax on all goods, but residents of California to pay 15% sales tax on the same goods. This is likely a violation of which clause in the Constitution?
If a corporate director is sued because of a decision the bo…
If a corporate director is sued because of a decision the board made, the company has an obligation to pay for the director’s defense in court. This is known as what?