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Author Question: Demand is inelastic when a price ________ results in total revenue ________. A) rise; decreasing ... (Read 29 times)

DelorasTo

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

Question 2

Which of the following is a result of a rent ceiling set below the equilibrium rent? I. equity in the housing market II. efficient allocation of resources III. a shortage of housing units.
 
  A) I and II
  B) I and III
  C) II only
  D) III only


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komodo7

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

C

Answer to Question 2

D


DelorasTo

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Reply 2 on: Jun 29, 2018
Thanks for the timely response, appreciate it

TheDev123

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Reply 3 on: Yesterday
Excellent

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