This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If a decrease in the price of a good decreases the total revenue, the demand for the good is a. ... (Read 92 times)

nummyann

  • Hero Member
  • *****
  • Posts: 576
on: Jul 1, 2018
If a decrease in the price of a good decreases the total revenue, the demand for the good is
 a. price elastic
 b. price inelastic
 c. income elastic
 d. income inelastic

Question 2

If the firm threatens a lockout (and the threat is credible), what is the union's best response?
 a. Bargain hard
 b. Accommodate
  c. Run
 d. Hide


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

nickk12214

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

b


nummyann

  • Member
  • Posts: 576
Reply 2 on: Jul 1, 2018
:D TYSM

deja

  • Member
  • Posts: 332
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

ACTH levels are normally highest in the early morning (between 6 and 8 A.M.) and lowest in the evening (between 6 and 11 P.M.). Therefore, a doctor who suspects abnormal levels looks for low ACTH in the morning and high ACTH in the evening.

Did you know?

If you use artificial sweeteners, such as cyclamates, your eyes may be more sensitive to light. Other factors that will make your eyes more sensitive to light include use of antibiotics, oral contraceptives, hypertension medications, diuretics, and antidiabetic medications.

A Total Eclipse of the Sun A Total Eclipse of the Sun
Immunofixation electrophoresis. (a) IgG kappa myeloma, (b) Controls showing total serum protein ... Immunofixation electrophoresis. (a) IgG kappa myeloma, (b) Controls showing total serum protein ...
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
Good Old War - Part Of Me [Audio] Good Old War - Part Of Me [Audio]
The net price of an article is $79.84. What is the list price if a discount of 23% was allowed? The net price of an article is $79.84. What is the list price if a discount of 23% was allowed?
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Interview with Person who has Panic Attacks

For a complete list of videos, visit our video library