When demand is price inelastic:
a. price and total revenue move in the same direction.
b. price and total revenue move in the opposite direction.
c. total revenue increases whether price goes up or down.
d. total revenue decreases whether price goes up or down.
Question 2
The price elasticity of demand for gasoline measures the:
a. responsiveness of gasoline producers to changes in the quality of gasoline.
b. responsiveness of customers to changes in the price of gasoline.
c. responsiveness of consumer preferences to changes in the quality of gasoline.
d. both a and c above.
Types of transporters based on the direction of transport.
Attention and memory are in demand during circle time.
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
The demand for energy is met by burning coal and other fossil fuels
Finding the length given total distance and distance longer than other point
What is the total resistance of the circuit in Figure 1? 150