Author Question: In case of an increase in product prices: A) the quantity effect always dominates the price ... (Read 65 times)

jc611 · **on:** Jun 29, 2018

In case of an increase in product prices:

A) the quantity effect always dominates the price effect.
B) the price effect always dominates the quantity effect.
C) when the quantity effect dominates the price effect, total revenue is rising.
D) when the quantity effect dominates the price effect, total revenue is falling.

Question 2

The Federal Trade Commission was created by Congress as an expert body to

A) help small businesses compete by offering technical advice and assistance.
B) help small businesses compete by providing low-interest start-up loans.
C) prevent insider trading.
D) promote competition by preventing trade practices held to be unfair.
E) regulate prices on spot and futures markets.