If Taco Bell determines that the demand for its food is elastic, Taco Bell should raise its price to increase its total revenue

Rent seeking is the act of obtaining special treatment by ________ to create ________

A) a monopoly; consumer surplus B) the government; economic profit C) consumers; a monopoly D) the government; consumer surplus E) competitive producers; a monopoly

What is the difference between a devaluation and a revaluation of a currency?

What will be an ideal response?