If a 12 percent increase in price leads to a 6 percent decrease in the quantity demanded of the good, as a result of the price change, the total revenue for this product will ________.
A) decrease B) not change C) fall by half D) increase
D) increase
You might also like to view...
Indonesia was a homogenous ethnic society when the state was first created
a. True b. False
How was the blade-core method, which characterizes the tools of Upper Paleolithic traditions, superior to Mousterian technology?
A. The Upper Paleolithic blade-core method was faster but also more difficult to achieve, resulting in many tries that yielded no results. B. The Upper Paleolithic blade-core method produced sharper and longer cores than was typical of the Mousterian method. C. The Upper Paleolithic blade-core method used naturally occurring metal ores to strike blades off cores. D. There was no difference between the two methods-only a greater diversity of tool uses among Upper Paleolithic traditions. E. The Upper Paleolithic blade-core method was faster and produced 15 times as much cutting edge from the same amount of material.
Discuss the architecture and importance of the Tigre Complex of El Mirador in Guatemala.
What will be an ideal response?
The global trend over the last several decades has been toward _____
a. a greater freedom and participatory democracy b. a greater number of autocracies c. fewer free elections of political leaders d. greater repression of opposition political parties e. the evolution of a non-state social system