Avital and Joshua each have their own business selling lemonade in front of their houses. When they each charge 25 cents per glass, their total revenues are equal. However, when they each charge 40 cents per glass, Avital's revenues are bigger than Joshua's revenues. This is because:
A. Joshua faces a more inelastic demand curve.
B. Avital faces a more elastic demand curve.
C. Joshua faces a more elastic demand curve.
D. Avital faces a less inelastic demand curve.
Answer: C
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What is most accurate about the United States' trading patterns between 1850 and 1900?
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States in the U.S. may mandate minimum wages above the federal level
a. True b. False Indicate whether the statement is true or false
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