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Author Question: Marginal revenue is less than price for A) all price searchers. B) all price takers. C) price ... (Read 216 times)

iveyjurea

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on: Jun 29, 2018
Marginal revenue is less than price for
 
  A) all price searchers.
  B) all price takers.
  C) price searchers who can't restrict price reductions to the new purchases they want to attract.
  D) sellers who face inelastic demand curves.

Question 2

In the above figure, if the interest rate is negatively related to household expenditures for any given level of household income, an increase in the interest rate will
 
  A) shift the line vertically upward.
  B) shift the line vertically downward.
  C) make the line negatively sloped.
  D) cause no change in the line's position.


asdfghjkl;

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  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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