Author Question: The above figure shows the demand curve for movie rentals from Redbox. If Redbox lowered its price ... (Read 61 times)

joesmith1212

  • Hero Member
  • *****
  • Posts: 549
The above figure shows the demand curve for movie rentals from Redbox. If Redbox lowered its price from 1.50 to 1.00, then total revenue would ________ because demand is ________.
 
  A) decrease; elastic
  B) increase; elastic
  C) decrease; inelastic
  D) increase; inelastic

Question 2

The largest part of the U.S. current account consists of
 
  A) Fed transfers of U.S. dollars to other central banks.
  B) net transfer payments between the United States and Mexico.
  C) receipts from exports and payments for imports.
  D) net borrowing between the United States and other countries.



sultana.d

  • Sr. Member
  • ****
  • Posts: 320
Answer to Question 1

C

Answer to Question 2

C



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

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

Did you know?

Over time, chronic hepatitis B virus and hepatitis C virus infections can progress to advanced liver disease, liver failure, and hepatocellular carcinoma. Unlike other forms, more than 80% of hepatitis C infections become chronic and lead to liver disease. When combined with hepatitis B, hepatitis C now accounts for 75% percent of all cases of liver disease around the world. Liver failure caused by hepatitis C is now leading cause of liver transplants in the United States.

Did you know?

In 2006, a generic antinausea drug named ondansetron was approved. It is used to stop nausea and vomiting associated with surgery, chemotherapy, and radiation therapy.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

For a complete list of videos, visit our video library