Question: Only one choice is correct for each question and your answers for the following questions should be a. b. c or d. (1) At Point

Only one choice is correct for each question and your answers for the following questions should be a. b. c or d. (1) At Point a, what is the price elasticity of demand? Your Answer: (fill in "a", "b or "c") a. >1 b. =1 c. 0 b. MR= 0 c. MR1 Ed

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6. How great is the time-lag between when an event occurs until we get information about it?

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