A price change will have no effect on total revenue if demand is
A. Perfectly elastic.
B. Unitary elastic.
C. Inelastic.
D. Elastic.
Answer: B
You might also like to view...
Samsung provides a warranty for all goods it manufactures to indicate that these goods are of high quality. This is an example of ________
A) hedging B) signaling C) internalizing an externality D) sniping
In the presence of asymmetric information, a contingent contract
A) achieves production efficiency. B) can lead to opportunistic behavior on the part of the agent. C) is impossible to write. D) will result in the principal earning all of the profit.
GDP measures the economy's production of:
a. final goods and services. b. intermediate goods. c. consumer goods and services. d. capital goods.
A movement along the consumption function is caused by a change in:
a. consumption. b. expectations. c. aggregate supply. d. disposable income.