When demand is elastic, a decrease in price will cause
a. an increase in total revenue.
b. a decrease in total revenue.
c. no change in total revenue but an increase in quantity demanded.
d. no change in total revenue but a decrease in quantity demanded.
a
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The total amount of money the government owes to its creditors is known as ________
Fill in the blank(s) with correct word
Under the expectations theory, an upward-sloping yield curve indicates that investors expect future short-term rates to
A) fall. B) rise. C) remain constant. D) either rise or remain constant.
It is possible for the balance of trade to be negative, and the current account to be positive
a. True b. False Indicate whether the statement is true or false
Explain how each of the following factors would influence aggregate demand in the United States. Be sure to explain which component of aggregate demand would be affected
a. a stock market crash b. an increase in the personal income tax rate c. a decrease in the real interest rate d. an increase in government purchases e. a decline in income in Canada