This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a decrease in the price of a good decreases the total revenue, the demand for the good is a. ... (Read 77 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jul 1, 2018
If a decrease in the price of a good decreases the total revenue, the demand for the good is
 a. price elastic
 b. price inelastic
 c. income elastic
 d. income inelastic

Question 2

If the firm threatens a lockout (and the threat is credible), what is the union's best response?
 a. Bargain hard
 b. Accommodate
  c. Run
 d. Hide


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


nummyann

  • Member
  • Posts: 576
Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

fatboyy09

  • Member
  • Posts: 358
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

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?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Eat fiber! A diet high in fiber can help lower cholesterol levels by as much as 10%.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

More young men than women live in their parents’ homes, though the proportion for both decreases ... More young men than women live in their parents’ homes, though the proportion for both decreases ...
Attention and memory are in demand during circle time. Attention and memory are in demand during circle time.
A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water. A good disinfecting solution you can make yourself consists of 1 part bleach to 10 parts water.
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994 U.S. Subsurface Coal Mining: Output, Price, and Output per Worker-Hour, 1949–1994
Most Canadian seniors rated their health as good to excellent. Most Canadian seniors rated their health as good to excellent.
Video: Lower Limb Arteries Animation

For a complete list of videos, visit our video library