The above figure shows the demand curve for movie rentals from ...

[joesmith1212]

The above figure shows the demand curve for movie rentals from Redbox. If Redbox lowered its price from 1.50 to 1.00, then total revenue would ________ because demand is ________.
 
  A) decrease; elastic
  B) increase; elastic
  C) decrease; inelastic
  D) increase; inelastic

Question 2

The largest part of the U.S. current account consists of
 
  A) Fed transfers of U.S. dollars to other central banks.
  B) net transfer payments between the United States and Mexico.
  C) receipts from exports and payments for imports.
  D) net borrowing between the United States and other countries.

[sultana.d]

Answer to Question 1

C

Answer to Question 2

C