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Author Question: Demand is elastic when a price ________ results in total revenue ________. A) rise, decreasing ... (Read 64 times)

mckennatimberlake

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on: Jun 29, 2018
Demand is elastic when a price ________ results in total revenue ________.
 
  A) rise, decreasing
  B) fall, decreasing
  C) rise, increasing
  D) fall; remaining constant

Question 2

The above table shows production points on Sweet-Tooth Land's production possibilities frontier. Which of the following is an example of a point that is inefficient?
 
  A) 0 chocolate bars and 100 cans of cola
  B) 20 chocolate bars and 80 cans of cola
  C) 32 chocolate bars and 40 cans of cola
  D) 38 chocolate bars and 0 cans of cola


macagn

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

A

Answer to Question 2

D


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