Refer to the scenario above. What is the change in total revenue due to the price change?
A) The total revenue increases by $350.
B) The total revenue increases by $3,400.
C) The total revenue decreases by $1,650.
D) The total revenue decreases by $2,275.
B
Economics
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During the late 1990s, Japan experienced reductions in the GDP deflator. Given this information, we know with certainty that
A) real GDP fell during these periods. B) real GDP did not change during these periods. C) the overall price level in Japan decreased during these periods. D) both real GDP and the overall price level decreased during these periods.
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In the strategic view of bargaining the outcome depends on
a. Who makes the first move b. Who can commit to a position c. Whether or not the other party can make a countermove d. All of the above
Economics