Suppose that when the price of bacon increases 30%, the quantity of bacon demanded falls by 50%. What can be inferred from this information? A. Bacon is an inferior good B. Bacon has few substitutes. C. The demand for bacon is price inelastic. D. The demand for bacon is price elastic.Which of the following is true about the outcome in a market economy? A. Good produced are the ones that consumers buy the most, are produced using the fewest resources, and are distributed to all consumers. B. Good produced are the ones that consumers value most, are produced at the lowest possible cost, and are distributed to those able and willing to pay for them. C. Goods produced are those that the government prioritizes, are produced using inefficient methods, and are distributed equally among all people. D. Good produced are the ones that consumers value most, are produced using the cheapest resources, and are distributed to consumers who value them most.The ahupua'a resource management system is not an example of a planned economy because A. shared abundance was an actual practice and not just a theoretical ideology in the ahupua'a system. B. the kapu system - although implemented by people (ali'i, chiefs, and konohiki) - was informed and guided by ancestral practice and responsibility. C. resources in an ahupua'a system were not owned by the ali'i, chiefs, or konohiki. D. workers in ahupua'a did not starve and lack other necessities for well-being. Reset Selection