Suppose when Nablom's Bakery raised the price of its breads by 10 percent, the quantity demanded fell by 15 percent. What was the effect on sales revenue?
A) Sales revenue increased.
B) Sales revenue decreased.
C) Sales revenue remained unchanged.
D) It cannot be determined without information on prices.
Question 2
An advantage of imposing a tax on the producer that generates pollution is that
A) the government can keep tabs on exactly what is produced in an industry.
B) it forces the polluting producer to internalize the external cost of the pollution.
C) it will eliminate pollution.
D) a producer can pass the cost of the pollution to consumers.
Identical twins share 100 percent of their segregating genes.
Fraternal twins share about 50 percent of their segregating genes.
Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.
Rita borrows $4,500 from the bank at 9 percent annually compounded interest to be repaid in ...
Biological control agent: a commercially raised parasitoid wasp about to deposit a fertilized egg in