An increase in total revenue results from which of the following?
A. Price decreases when demand is inelastic.
B. Price increases when demand is elastic.
C. Price decreases when demand is elastic.
D. Price increases when demand is unitary elastic.
Answer: C
You might also like to view...
For many years, U.S. investment has exceeded savings and government expenditure has exceeded taxes
These imbalances (deficits) have been financed through international ________ by the United States as shown by the surplus on the balance of payments ________ account. A) lending; current B) borrowing; capital and financial C) borrowing; official settlements D) lending; official settlements E) borrowing; current
Raising taxes on interest and dividend income will increase the level of investment and economic growth
Indicate whether the statement is true or false
A federal budget deficit can simultaneously reduce inflation and unemployment
a. True b. False Indicate whether the statement is true or false
Some of the promising approaches to reducing the natural rate of unemployment have to do with education, training, and job placement. What implementation problems do you anticipate?