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.
Pupil Assessment, Move Penlight directly in Front of Pupil
a) Face the direction of your stroke. b) Avoid facing away from your stroke.
Total allowable and actual catch, Grand Bank Atlantic Cod 1959 -2012
Total Fertility Rate in Japan: Actual versus Forecast
Anglin's estimates of the total vocabulary of children in Grades 1, 3, and 5
Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total