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Author Question: If a decrease in the price of a good decreases the total revenue, the demand for the good is a. ... (Read 65 times)

nummyann

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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


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nickk12214

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Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


nummyann

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Reply 2 on: Jul 1, 2018
Thanks for the timely response, appreciate it

alvinum

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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