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  1. The demand for personal computers can be characterized by the following point elasticities: price elasticity = 5, cross-price elasticity with software = 4, and income elasticity = 2.5. Indicate whether each of the following statements is true or false, and explain your answer. A. A price reduction for personal computers will increase both the number of units demanded and the total revenue of sellers. B. The cross-price elasticity indicates that a 5% reduction in the price of personal computers will cause a 20% increase in software demand. C. Demand for personal computers is price elastic and computers are cyclical normal goods. D. Falling software prices will increase revenues received by sellers of both computers and software. E. A 2% price reduction would be necessary to overcome the effects of a 1% decline in income.
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  Are laws applicable or not?
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  Are "white" and "black" classified as colors? Is one all of the colors and the other the lack of any color. If not color would it not be transparent.
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  Do you agree or disagree? A few days before the beginning of the World Cup (or Football Championship), a French journalist declared : “Football is the new opium of the people”. Do you agree or disagree? Give your reasons.
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  In a used car market, 50% of the cars are white, and 30% of them have two doors, what is the probability of choosing a white car with two doors?
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  "Do not be dismayed by the brokenness of the world. All things break. And all things can be mended. Not with time, as they say, but with intention. So go. Love intentionally, extravagantly, unconditionally. The broken world waits in darkness for the light that is you." L.R.Knost