The Fisherian version of the quantity theory equation is
a. MV = Py. b y = c + i + g
c. M = kPy.
d. s = i + (g – t).
A
Economics
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When demand is elastic, the marginal revenue resulting from a decrease in price is:
A) positive. B) zero. C) negative. D) cannot be determined without more information.
Economics
Which of the following is true of monopoly?
a. There are no barriers to entry. b. The firm is a price taker. c. There are no close substitutes for the product being produced. d. There are many firms in the industry. e. The firm faces a horizontal demand curve.
Economics