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Author Question: If price is cut and demand is elastic, then A) total revenue will fall. B) total revenue will not ... (Read 86 times)

rosent76

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on: Jun 30, 2018
If price is cut and demand is elastic, then
 A) total revenue will fall.
  B) total revenue will not change.
  C) quantity demanded will fall.
  D) total revenue will rise.

Question 2

U.S. national defense spending is approximately ____ the amount spent on health care.
 a. twice
 b. four times
  c. ten times
 d. 1/4


Eazy416

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

D

Answer to Question 2

d


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