When demand is elastic, an increase in price causes the seller's total revenue to:

Refer to Figure 4-18. How much of the tax is paid by buyers?

A) $8 B) $5 C) $4 D) $3

A game in which players as a group lose at the end of the game is referred to as

A) zero-sum game. B) negative-sum game. C) positive-sum game. D) tit-for-tat game.