If the demand is ________, a fall in price ________ total revenue
A) elastic; increases
B) elastic; decreases
C) inelastic; increases
D) inelastic; does not change
A
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The figure illustrates the demand for eggs. At what price will egg sellers maximize their total revenue?
A) above $0.75 a dozen B) $0.75 a dozen C) less than $0.75 a dozen D) $1.50 a dozen
All of the following statements about secondary credit are true EXCEPT
A) they are temporary, short-term loans to satisfy seasonal requirements. B) the secondary credit interest rate is set above the primary credit rate. C) it is intended for banks not eligible for primary credit. D) borrowers of secondary credit are less financially healthy.
Bond prices and interest rates are directly related
a. True b. False Indicate whether the statement is true or false
Profit-maximizing, competitive firms will not discriminate in the hiring of workers unless consumers exercise a preference for discrimination in product markets or governments mandate discrimination
a. True b. False Indicate whether the statement is true or false