Along a downward-sloping, linear demand curve, total revenue is the greatest
A) where demand is unit elastic. B) where demand is normal.
C) where demand is the most elastic. D) where demand is the most inelastic.
A
Economics
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In an IS-LM model with an upward-sloping LM curve and a downward-sloping IS, how does the expenditure multiplier compare to [1/(1-b)]?
A) It is equal to it. B) It is greater. C) It is smaller. D) Cannot be answered with the information given.
Economics
An increase in the quantity demanded is shown by
A) a leftward shift of the demand curve. B) a rightward shift of the demand curve. C) a movement down along a demand curve. D) a movement up along a demand curve.
Economics