I believe the answer is: in-elastic
A product is considered to be inelastic if the change in price do not or has very little impact of the product demand.
From the scenario above, we can see that even though the price drops, the percentage is still way below the amount of price icnreased (10% : 30%) , so we can consider the product to be inelastic.
Answer:
B). Able to successfully sue the reporter for intrusion if the homeowner did not give the reporter permission to be in the house.
Explanation:
As per the given description, the homeowner would probably be 'able to sue the reporter successfully for intruding if the homeowner himself didn't allow the reporter to be present in the house' as the reporter entered the house without the permission of the home's owner but rather entered with the permission of the firefighters. Since the house belongs to the owner he/she possess the legal rights to sue any person for intrusion who has engulfed his/her house without prior permission. Therefore, <u>option B</u> is the correct answer.
An element <u>period </u>is its row in the periodic table.
The correct answer is C) the fact that people sometimes base perceptions of quality on price (snob effect).
A well-known women's college whose tuition lagged below similar schools found recruiting difficult and enrollment falling. A substantial tuition increase was implemented, and dormitories were soon full again. This can be explained by the fact that people sometimes base perceptions of quality on price (snob effect).
In microeconomics, in the snob effect, the demand for some goods that are considered expensive are more demanded. If people that have the money to spend of something assumes that the price of the product is cheap, these people think that the product has low quality. But if the same product is expensive, they consider that the product has quality and is well worth it. That is why, in the case of the college, when the price of tuition increased, people started to trust again in the school and the dorms were full.
