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Author Question: If it possible to prevent a person from enjoying the benefits of a good unless the person pays for ... (Read 203 times)

sabina

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on: Jun 29, 2018
If it possible to prevent a person from enjoying the benefits of a good unless the person pays for the good, the good is
 
  A) rival.
  B) excludable.
  C) pure.
  D) free.

Question 2

If a decrease in price decreases a monopolist's total revenue, then
 
  A) demand is elastic.
  B) demand is inelastic.
  C) demand is unit elastic.
  D) the law of demand is violated.


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Laurenleakan

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

B


sabina

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

ghepp

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

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