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Author Question: Suppose the demand for milk is relatively inelastic. What happens to sales revenue if the government ... (Read 51 times)

rachel9

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on: Jun 29, 2018
Suppose the demand for milk is relatively inelastic. What happens to sales revenue if the government imposes a price floor above the free-market equilibrium price in the market for milk?
 
  A) Sales revenue remains unchanged.
  B) Sales revenue rises.
  C) Sales revenue falls.
  D) It cannot be determined without information on prices.

Question 2

All centrally planned economies
 
  A) have been political dictatorships. B) started out as market economies.
  C) have become mixed economies. D) began as mixed economies.
InMicro ¦ Hubbard, O'Brien ¦ 1st Edition
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pami445

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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rachel9

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

komodo7

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Reply 3 on: Yesterday
:D TYSM

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