Author Question: When demand is inelastic, A) price and revenue move in opposite directions. B) price and revenue ... (Read 87 times)

itsmyluck

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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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Answer to Question 1

D

Answer to Question 2

b



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