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NEW QUESTION: 1
If the elasticity of demand for a normal good is estimated to be 1.5, then a 10% reduction in its price would
cause:
A. Total revenue to fall by 10%.
B. Demand to decrease by 10%.
C. Quantity demanded to rise by 15%.
D. Total revenue to fall by 15%.
Answer: C
Explanation:
Choice "c" is correct. The elasticity of demand is calculated as:
% Change in demand
% Change in price
If the elasticity of demand is 1.5 (assumed to be the absolute value, as the elasticity of demand for a
normal good is always negative), then a 10% price reduction would cause an increase in the quantity
demanded by 15% (a ratio of 15 to 10 or 1.5).
Choices "a", "b", and "d" are incorrect, per Explanation: above.
NEW QUESTION: 2
Which business partner categories does the system support? (There are three correct answers.)
A. Organization
B. Public Sector
C. Person
D. Agency
E. Group
Answer: A,C,E
Explanation:
The partner categories are person, organization, and group. These are fixed categories; you can't select
to change or add any. Agency and public sector would fall into the organization category.
NEW QUESTION: 3
Automatic Shared Memory Management is disabled for one of your database instances.
Some SQL statements perform poorly due to excessive hard parse activity, thereby degrading performance.
What would be your next step?
A. Run the SQL Access Advisor.
B. Run the SQL Tuning Advisor.
C. Run the Memory Advisor for the shared pool.
D. Run the Memory Advisor for the Program Global Area.
E. Run the Memory Advisor for the System Global Area.
Answer: C
NEW QUESTION: 4
HOT SPOT
-10.0.0.100
-131.107.0.100
Answer:
Explanation: