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Author Question: In the figure above, U.S. producers' ________ from the tariff is ________. A) loss; 32 million ... (Read 119 times)

littleanan

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on: Jun 29, 2018
In the figure above, U.S. producers' ________ from the tariff is ________.
 
  A) loss; 32 million
  B) loss; 64 million
  C) gain; 80 million
  D) gain; 128 million

Question 2

The price of a bus ride decreases, and the total revenue of the bus company decreases. The demand for bus rides is ________.
 
  A) perfectly elastic
  B) inelastic
  C) unit elastic
  D) elastic but not necessarily perfectly elastic


joshraies

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

C

Answer to Question 2

B


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