Question 21 What does the following statement imply about price elasticity of demand? Not yet "Cherry producers in British Columbia experienced a healthy increase in answered revenues this year, despite a reduced harvest due to poor weather Marked out of conditions." This statement implies that the price elasticity of demand for BC 1.00 cherries is... Flag question O a. Inelastic. O b. One. O c. Zero. O d. Infinite. O e. Elastic.Question 28 Suppose that in Montreal in December, 2018, 10 000 ski helmets were sold Not yet at a price of $60 each. In Montreal in December, 2019, 20 000 ski helmets answered were sold at a price of $80 each. One possible explanation for the change is Marked out of that, ceteris paribus, from 2018 to 2019 the curve for ski helmets 1.00 shifted to the Flag question O a. Supply or demand; right. O b. Supply; right. O c. Demand; right. O d. Supply; left. O e. Demand; left.Question 30 Not yet answered Marked out of 1.00 'i' Flag question Economists usually assume that individuals and rms, respectively, maximise... /_\\ a. Utility and prots. A b. Savings and profits. c. Wages and revenues. " d. Income and sales. A e. Expenditures and profits. Question 38 A school board with a budget of $500 000 can choose to purchase the Not yet various combinations of textbooks and/or laptop computers shown below. answered Marked out of 20 000- 1.00 A 15 000 - Flag question Textbooks . to C . 5 10 000- 5000 -+ 1000 2000 Laptop computers What is the price of a textbook in this example? O a. $250 O b. $25 O c. $100 O d. $40 O e. $50An economic model that contains a highly realistic set of assumptions is... a. Useful because there is then very little difference between theory and reality. b. Certainly superior to a model whose assumptions are somewhat unrealistic. O c. Not likely to be useful because of its particularised nature and its complexity. A' d. More abstract than a model whose assumptions are further removed from reality. e. Necessarily better able to predict the future. Clear my choice