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Connie, a 17 year old who had recently been kicked out of her family home, entered into a lease with Daryl to lease a one bedroom apartment for six months. Daryl did not know that Connie was a minor. Two months into the lease, Connie’s family allows Connie to come back home.  Connie breaks the lease with Daryl, who initiates a lawsuit against Connie for the rent due for the second month that Connie did not pay and for the remaining rent due under the lease.  Connie claims that she does not have to pay Daryl because she was a minor at the time she entered into the lease.  Is Connie correct? Why?

Six students were asked to rate how much they like 90s grunge music on a scale of 1 (it’s the worst music ever) to 6 (best music hands down).  Then students were then asked to rate how much they enjoyed the movie, Cabin the Woods.  Fill in the information below(no spaces, round to 2 decimal places if need be).   Mx = 3.83        My = 3.83        SSx = 14.83     SSy = 10.83     SSxy = 5.83      r = 0.46       r2 = 0.21   Calculate the slope: [1] Calculate the y-intercept: [2] Complete the regression line: y = [3]x + [4] Predict the Cabin in the Woods rating for a person who gave grunge music a rating of 5. [5]

From the regression equation Ŷ = –2X + 6, what can be determined about the correlation between X and Y?

In which situation would consumers bear the highest incidence of a tax?

If the cross elasticity of demand between fly rods and reels is –0.8, a decrease in the price of rods would _____ sales of reels because the two goods are _____.

In the town of Skateville, average income falls by 20% due to a recession. As a result, sales of skateboards fall by 15%. The income elasticity of demand is _____, and skateboards are a(n) _____ good.

A negative cross elasticity of demand means that two goods are _____, while a negative income elasticity of demand means that a good is a(n) _____ good.

Using the midpoint method, the price elasticity of demand between points a and b on the graph is

Which factor would increase elasticity of demand the MOST?

The day after Halloween, grocery stores discount the price of candy from $4 per bag to $2 per bag. The percentage change in price using the base method is _____ and using the midpoint method is _____.