Restrictive covenants
A) generally require that firms use debt finance rather than equity finance.
B) generally require that firms use equity finance rather than debt finance.
C) put restrictions on the use of borrowed funds.
D) were outlawed under the Civil Rights Act of 1964.
C
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Use the following graph of total revenues to answer the question below. 
An increase in the quantity of product X demanded from 16,000 to 17,000 units implies that the price of product X was
A. reduced and the demand is inelastic. B. increased and the demand is inelastic. C. reduced and the demand is elastic. D. increased and the demand is elastic.
Which of the following would cause an increase in demand for golf balls?
a. a decrease in the price of golf balls b. an increase in the price of green fees c. an expectation by buyers that their incomes will increase in the very near future d. a change in consumer tastes away from golf and toward tennis
Following an unexpected decline in aggregate demand, once production cutbacks start offsetting rising inventory levels:
a. the aggregate demand curve will shift to the right. b. the aggregate supply curve will shift to the left. c. the economy will return to its natural rate of unemployment. d. the short-run Phillips curve will shift to the right. e. the economy will face both higher inflation and a higher unemployment rate.
Firms that are price takers
a. are small relative to the total market. b. produce products that are different than their competitors. c. can sell only a portion of their output at the market price. d. have downward-sloping demand curves.