« previous next »

Author Question: If demand is inelastic, an increase in the price will A) decrease total revenue. B) increase ... (Read 91 times)

londonang

  • Hero Member
  • *****
  • Posts: 540
on: Jun 29, 2018
If demand is inelastic, an increase in the price will
 
  A) decrease total revenue.
  B) increase total revenue.
  C) not change total revenue.
  D) increase the quantity demanded.

Question 2

A tax that is imposed by the importing country when an imported good crosses its international boundary is called
 
  A) an import quota.
  B) dumping.
  C) a voluntary export restraint.
  D) a tariff.


adf223

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Oliver Wendell Holmes is credited with introducing the words "anesthesia" and "anesthetic" into the English language in 1846.

Did you know?

As many as 20% of Americans have been infected by the fungus known as Histoplasmosis. While most people are asymptomatic or only have slight symptoms, infection can progress to a rapid and potentially fatal superinfection.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
Immunofixation electrophoresis. (a) IgG kappa myeloma, (b) Controls showing total serum protein ... Immunofixation electrophoresis. (a) IgG kappa myeloma, (b) Controls showing total serum protein ...
Total Solid Waste, MSW per Capita Total Solid Waste, MSW per Capita
World Total Energy Consumption by Fuel Type World Total Energy Consumption by Fuel Type
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Find the factor demand for labour and the amount of output it will produce. Show all ... Find the factor demand for labour and the amount of output it will produce. Show all ...
Video: Phases of the ovarian cycle

For a complete list of videos, visit our video library