If the supply of a good decreases and it causes total revenue to increase, this shows that the good has an

A) inelastic demand.
B) elastic demand.
C) unit elastic demand.
D) inelastic supply.
E) elastic supply.

A

Economics

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What will happen to unemployed retail workers if the government is unable to target stimulus spending at the retail sector?

A. Most will become discouraged and leave the labor force. B. They may eventually find work after government spending works its way through the economy. C. They may eventually find work after the Fed reduces tax rates, increasing household consumption spending. D. They will remain permanently unemployed unless they find work in another sector of the economy.

Economics

Economics

A) is a social science. B) is concerned with limited resources. C) is concerned with unlimited wants. D) All of the above are correct.

Economics