Louis XIV Successfully Established His Absolutism Because

question 48

Multiple Choice

Louis XIV successfully established his absolutism because

• A)the Parlement of Paris and the Estates General were rival institutions, thus dividing opposition to royal power.
• B)aristocrats and bureaucrats could be co-opted by the king.
• C)the latest revolt against the king, the Fronde, brought severe hardship to the urban population.
• D)of the support from Cardinal Mazarin.
• E)All of these.

Analyze the implications of elasticity on firm’s revenue and pricing strategy.

Understand the concept of income elasticity of demand.

Differentiate between inelastic and elastic demand.

Comprehend the significance of elasticity measurements in economic analysis.

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