If the quantity of bananas sold increases by 5 percent when the price decreases by 10 percent, the price change occurs in the
A. bottom half of the downward-sloping straight-line demand curve and total revenue decreases from this price change.
B. bottom half of the downward-sloping straight-line demand curve and total revenue increases from this price change.
C. top half of the downward-sloping straight-line demand curve and total revenue decreases from this price change.
D. top half of the downward-sloping straight-line demand curve and total revenue increases from this price change.
Answer: A
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The developing world has been adamant that rich nations abandon farm subsidies in order to get a global trade deal both sides say they want.
Answer the following statement true (T) or false (F)
Part of the controversy about Fed independence include(s)
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The argument advanced by Milton Friedman for adopting a monetary growth rule is that
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