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Author Question: Producers' total revenue will increase if A) income increases and the good is an inferior good. ... (Read 128 times)

newyorker26

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Producers' total revenue will increase if
 
  A) income increases and the good is an inferior good.
  B) the price rises and demand is elastic.
  C) the price rises and demand is inelastic.
  D) income falls and the good is a normal good.

Question 2

Which of the following is a positive statement?
 
  A) Taxes should be lower because then people get to keep more of what they earn.
  B) My economics class should last for two terms because it is my favorite class.
  C) A 10 percent increase in income leads to a 4 percent increase in the consumption of beef.
  D) Given their negative impact on productivity, the government should eliminate labor unions.


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morganmarie791

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newyorker26

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Reply 2 on: Jun 29, 2018
Excellent


AngeliqueG

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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