In the figure above, the U.S. government's revenue from the ...

[washai]

In the figure above, the U.S. government's revenue from the tariff is ________.
 
  A) 64 million
  B) 32 million
  C) 128 million
  D) 48 million

Question 2

A university conducts a survey of students, which shows that a 10 percent tuition hike would lead to a 12 percent decrease in the enrollment.
 
  If the university wants to increase its total revenue, it should ________ tuition because the demand for education at this university is ________. A) raise; elastic
  B) not raise; elastic
  C) raise; inelastic
  D) not raise; inelastic

[hramirez205]

Answer to Question 1

A

Answer to Question 2

B