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Author Question: When demand is inelastic, A) price and revenue move in opposite directions. B) price and revenue ... (Read 79 times)

itsmyluck

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  • Posts: 546
on: Jun 30, 2018
When demand is inelastic,
 A) price and revenue move in opposite directions.
  B) price and revenue are not related.
  C) price and quantity demanded move in opposite directions.
  D) price and revenue move in the same direction.

Question 2

Which of the following occurs when insurance makes a person more likely to engage in risky behavior?
 a. lemon problem
 b. moral hazard
 c. adverse selection
  d. risk selection


leannegxo

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  • Posts: 374
Reply #1 on: Jun 30, 2018
Answer to Question 1

D

Answer to Question 2

b


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