This topic contains a solution. Click here to go to the answer

Author Question: When demand is relatively inelastic, a 5 increase in price will: a. increase total revenue by more ... (Read 98 times)

RYAN BANYAN

  • Hero Member
  • *****
  • Posts: 563
When demand is relatively inelastic, a 5 increase in price will:
 a. increase total revenue by more than 5.
  b. increase total revenue by less than 5.
  c. decrease total revenue by more than 5.
  d. decrease total revenue by more than 5.

Question 2

When interest rates are higher:
 a. the opportunity cost of holding monetary assets is higher, and the quantity of money demanded, but not the demand for money, is lower.
  b. the opportunity cost of holding monetary assets is higher, and the demand for money increases.
 c. the opportunity cost of holding monetary assets is lower, and the quantity of money demanded, but not the demand for money, is greater.
  d. the opportunity cost of holding monetary assets is lower, and the demand for money increases.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nmyers

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

b

Answer to Question 2

a




RYAN BANYAN

  • Member
  • Posts: 563
Reply 2 on: Jun 30, 2018
:D TYSM


bassamabas

  • Member
  • Posts: 294
Reply 3 on: Yesterday
Wow, this really help

 

Did you know?

The types of cancer that alpha interferons are used to treat include hairy cell leukemia, melanoma, follicular non-Hodgkin's lymphoma, and AIDS-related Kaposi's sarcoma.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Children of people with alcoholism are more inclined to drink alcohol or use hard drugs. In fact, they are 400 times more likely to use hard drugs than those who do not have a family history of alcohol addiction.

For a complete list of videos, visit our video library