« previous next »

Author Question: If the demand for a good is unit elastic A) a 5 percent increase in price results in a 5 percent ... (Read 62 times)

michelleunicorn

  • Hero Member
  • *****
  • Posts: 565
on: Jun 29, 2018
If the demand for a good is unit elastic
 
  A) a 5 percent increase in price results in a 5 percent increase in total revenue.
  B) a 5 percent increase in price results in a 5 percent decrease in total revenue.
  C) a 5 percent increase in price does not change total revenue.
  D) the demand curve is a straight line with slope of -1.

Question 2

The U.S. fiscal policy implemented in 2008 was an attempt to
 
  A) give billions of dollars to businesses and low- and middle-income Americans in order to stimulate business investment and consumption expenditure, and thereby increasing AD.
  B) give billions of dollars to businesses and low- and middle-income Americans in order to stimulate business investment and consumption expenditure, and thereby increasing SAS.
  C) decrease interest rates in order to stimulate business investment and consumption expenditure, and thereby increasing AD.
  D) decrease the exchange rate in order to boost net exports, and thereby increasing AD.


kmb352

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Stevens-Johnson syndrome and Toxic Epidermal Necrolysis syndrome are life-threatening reactions that can result in death. Complications include permanent blindness, dry-eye syndrome, lung damage, photophobia, asthma, chronic obstructive pulmonary disease, permanent loss of nail beds, scarring of mucous membranes, arthritis, and chronic fatigue syndrome. Many patients' pores scar shut, causing them to retain heat.

Did you know?

Methicillin-resistant Staphylococcus aureus or MRSA was discovered in 1961 in the United Kingdom. It if often referred to as a superbug. MRSA infections cause more deaths in the United States every year than AIDS.

Methicilli ...
Did you know?

The U.S. Pharmacopeia Medication Errors Reporting Program states that approximately 50% of all medication errors involve insulin.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

Alan Price - Poor People Alan Price - Poor People
Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II Schematic of the Agitation Laboratory Apparatus CHE 415 Unit Operations II
Cover and secure the cold source in place. Wrap the cold source using a towel or elastic bandage to ... Cover and secure the cold source in place. Wrap the cold source using a towel or elastic bandage to ...
Results from Kliegl's study show that older adults can learn complex information-processing Results from Kliegl's study show that older adults can learn complex information-processing
Which of the following unit factors is not related to a 0.100 M NaBr solution? A Which of the following unit factors is not related to a 0.100 M NaBr solution? A
A melting profile shows the increase in UV absorption versus temperature A melting profile shows the increase in UV absorption versus temperature
Video: Blood Flow through the Human Heart

For a complete list of videos, visit our video library