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If the price of tickets to Disney World increases from $30 to $33 and as a result attendance falls by 5 percent then the demand for the tickets is
A. elastic.
B. indeterminate.
C. inelastic.
Answer: C
Explanation:
The percentage change in price is: (33-30)/[(30+33)/2] = 9.5%. Since the percentage change in demand was 5 percent, demand is characterized as inelastic since the percentage change in price was greater than the subsequent percentage change in demand.

NEW QUESTION: 2
What is the result of specifying only one NTP server during an EMC Avamar server software installation?
A. The utility node will be used as the secondary time source.
B. A time source will be automatically selected.
C. The installation will raise an error and fail.
D. Only one time source will be used.
Answer: A

NEW QUESTION: 3
Which activity is associated with the wireless technology assessment service component? Select exactly 1 answer(s) from the following:
A. Perform Infrastructure Audit
B. Execute Test Cases
C. Develop Escalation Plan
D. Develop Project Management
Answer: A
Explanation:
Explanation

NEW QUESTION: 4
In a Dell EMC NetWorker environment, what is the purpose of the ConnectEMC feature?
A. Enable administrators to download supported NetWorker documentation from Dell EMC.
B. Allow administrators to send NetWorker configuration information automatically to Dell
EMC
C. Allow administrators to send NetWorker performance information automatically to Dell
EMC.
D. Help administrators to upload the support bundle to Dell EMC based on requests
Answer: D
Explanation:
References:


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