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Author Question: If demand is inelastic, an increase in the price will A) decrease total revenue. B) increase ... (Read 160 times)

londonang

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  • Posts: 540
on: Jun 29, 2018
If demand is inelastic, an increase in the price will
 
  A) decrease total revenue.
  B) increase total revenue.
  C) not change total revenue.
  D) increase the quantity demanded.

Question 2

A tax that is imposed by the importing country when an imported good crosses its international boundary is called
 
  A) an import quota.
  B) dumping.
  C) a voluntary export restraint.
  D) a tariff.


adf223

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  • Posts: 304
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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