A change that shifted the long-run aggregate supply curve to the right would also shift the short-run aggregate supply curve to the right

Louey's Greasy Spoon restaurant charges $15 for each dinner entree and $5 for each dessert selection, and they offer a dinner special that provide an entree and dessert for $18

If a diner at Louey's assigns zero value to dessert and $19 to an entree, what is their optimal decision? A) Buy the dinner special B) Buy only the entree C) Buy only the dessert selection D) We do not have enough information to determine the optimal decision

If price decreases and demand is ________ then total revenue will decline

a. perfectly elastic b. inelastic c. unit elastic d. elastic