If the price elasticity of demand for a given product is 0.7, this means that a. if quantity demanded fell by 1 percent, price would fall by 7 percent. b. if price was raised 7 percent, quantity demanded would rise 0.7 percent. c. if price was raised 7 percent, quantity demanded would fall by 0.7 percent. d. the percentage change in quantity demanded is 0.7 times the percentage change in price. e. the percentage change in price is 0.7 times the percentage change in quantity demanded.

Aland development company purchases several acres of land adjacent to a wildlife reserve. it plans to build a new community, complete with shops and schools. green sands, a local environmental group, complains that the company's proposed building methods will disrupt the area's ecological balance. the company wants to respect the local ecology but also wants to build its development. the company decides to schedule a meeting with green sands's representatives to make choices about the property that are agreeable to both sides. which strategy would be most effective in this situation?

Which of the following statements about revision is most accurate? (a) you must compose first drafts quickly (sprint writing) and return later for editing. (b) careful writers always revise as they write. (c) revision is required for only long and complex business documents. (d) some business writers prefer to compose first drafts quickly and revise later; others prefer to revise as they go.

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it.g