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Author Question: Which of the following is false? a. When demand is elastic, quantity and total revenue change in ... (Read 23 times)

maegan_martin

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on: Jun 30, 2018
Which of the following is false?
 a. When demand is elastic, quantity and total revenue change in the same direction along it.
  b. When demand is inelastic, quantity and total revenue change in the opposite direction along it.
  c. When supply is elastic, quantity and total revenue change in the same direction along it.
 d. When supply is inelastic, quantity and total revenue change in the opposite direction along it.

Question 2

Which of the following pairs of policies have inconsistent effects on aggregate demand?
 a. A tax increase and an increase in the money supply.
 b. A transfer payment increase and an increase in the money supply.
 c. A reduction in government purchases and a reduction of the money supply.
  d. none of the above


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hollysheppard095

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

a


maegan_martin

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

yeungji

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Reply 3 on: Yesterday
:D TYSM

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