Author Question: As you move down a demand curve, if a decrease in price from 11 to 9 increased total revenue, then ... (Read 32 times)

hbsimmons88 · **on:** Jun 30, 2018

As you move down a demand curve, if a decrease in price from 11 to 9 increased total revenue, then further decreases below 9 would also increase total revenue.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The Federal Reserve banks are owned by:
a. the citizens of each Federal Reserve district.
b. the American people as a whole.
c. the Federal Government.
d. commercial banks.