A 25 decrease in the price of breakfast cereal leads to a 20 increase in the quantity of cereal demanded. As a result:
a. total revenue will decrease.
b. total revenue will increase.
c. total revenue will remain constant.
d. the elasticity of demand will increase.
Question 2
If the required reserve ratio was increased, then:
a. the money supply would tend to decrease, but the outstanding loans of banks would tend to increase.
b. both the money supply and the outstanding loans of banks would tend to decrease.
c. the money supply would tend to increase, but the outstanding loans of banks would tend to decrease.
d. both the money supply and the outstanding loans of banks would tend to increase.
Primary production increases with an increase in total phosphorus concentration.
Cereal production in Africa may decrease by as much as 50% by 2080 in some areas
Economic recession in 2008 saw a small decrease in demand
A multistep model for colon cancer. The first mutation, in the APC gene, leads to the formation of p
"The Department of Agriculture came out today with its prediction for food price
Eggs and fruit salad breakfast