Author Question: If price is cut and demand is elastic, then A) total revenue will fall. B) total revenue will not ... (Read 85 times)

rosent76

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If price is cut and demand is elastic, then
 A) total revenue will fall.
  B) total revenue will not change.
  C) quantity demanded will fall.
  D) total revenue will rise.

Question 2

U.S. national defense spending is approximately ____ the amount spent on health care.
 a. twice
 b. four times
  c. ten times
 d. 1/4



Eazy416

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Answer to Question 1

D

Answer to Question 2

d



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