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.
The paleoanthropologist must understand these deformations in order to figure out which strata a fos
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