1. The federal and state governments may delegate the power of eminent domain as long as the property

1) cannot be purchased at the market rate.

2) abuts public property.

3) is not used by a private corporation.

4) will be devoted to public use.

2. For which of the following markets is a 10% price increase most likely to increase revenue?

a) business-to-business

b) commodity item

c) prestige item

d) price sensitive