Total revenue will increase if price
A. rises and demand is elastic.
B. rises and demand is unit elastic.
C. falls and demand is inelastic.
D. falls and demand is elastic.
D. falls and demand is elastic.
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Use the following statements to answer this question: I. Corporate paper rates are typically less than one percent higher than Treasury bill rates. II. Treasury bill rates may be viewed a short-term, risk-free rates
A) I and II are true. B) I is true and II is false C) II is true and I is false D) I and II are false
Selling a good abroad below the price charged in the home market is
A) a basic argument for free trade. B) the infant industry argument. C) dumping. D) a voluntary restraint agreement.
The value of net exports is:
A. exports -imports. B. (exports + imports) -tariffs. C. exports + imports. D. imports -exports.
Which of the following was not a lesson from the 2007–2009 financial crisis?
A. Regulatory failures were the result of weaknesses across the regulatory structure. B. The financial system operated with too much leverage. C. The business cycle no longer applies to economic analysis. D. Monetary policy alone may not be sufficient to stabilize aggregate demand.