Along a downward-sloping, linear demand curve, total revenue is the greatest
A) where demand is normal.
B) where demand is the most inelastic.
C) where demand is the most elastic.
D) where demand is unit elastic.
Answer: D
Economics
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A fixed exchange rate regime
A) enhances the power of a country's central bank. B) leads to inflation. C) means that the price of gold is held constant. D) makes a country's central bank powerless.
Economics
If labor productivity in the health care industry rises very slowly relative to wages and salaries in the industry, this would tend to:
A. increase the demand for health care. B. decrease the demand for health care. C. increase the supply of health care. D. increase the cost of health care.
Economics