Suppose demand for a product is elastic at a given price. what will happen to the company's total revenue if it raises the price of that product? why?

What does the exposition in the beginning of act one tell readers about the way they are to perceive the events that follow? explain?

Explain the difference between an independent and dependent sample. choose the correct answer below. a. in an independent sample, the individuals are chosen without replacement; in a dependent sample, the individuals are chosen with replacement. b. in a dependent sample, one would use a two-tailed hypothesis test; in an independent sample, one would use a one-tail hypothesis test. c. a sample is independent when an individual selected for one sample does not dictate which individual is to be in the second sample. a sample is dependent when an individual selected for one sample dictates which individual is to be in the second sample. d. a sample is independent when an individual selected for one sample dictates which individual is to be in the second sample. a sample is dependent when an individual selected for one sample does not dictate which individual is to be in the second sample. independent samples are often referred to as matched-pairs samples.

Which of the following statements describes the nature of "stigma" as it relates to welfare? a) society values individual characteristics such as self-reliance and a willingness to work hard, welfare recipients are seen as dependent and lazy. b) social welfare hs been polarized as a "moral category", and its related policy includes treating the poor in a dignified manner, as to highlight the responsible nature of the welfare recipents. c) the norm of reciprocity explains the societal obligation to make some return for the things received, welfare recipents are stigmatized because they are able to be seen as making appropiate contributions for the benefits they incur. d) the capitalistic nature of u.s. society stresses that those who work hard and have the ability will be rewarded with success, welfare recipients are equal to those who do not receive welfare because both groups of people deserve the benefits of success.