If the demand for donuts is elastic, then a decrease in the price of donuts will

a. increase total revenue of donut sellers.
b. decrease total revenue of donut sellers.
c. not change total revenue of donut sellers.
d. There is not enough information to answer this question.


a

Economics

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The owner A) should shut down the business. B) should keep operating. C) should sell less. D) None of the above.

Economics

If the government decreases the income tax rate, they assume it will affect which component of GDP?

A. C B. NX C. G D. A change to the income tax rate will not affect any of these components.

Economics

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Please provide the best answer for the statement.

Economics