Refer to the diagram. If price falls from P 1 to P 2 , total revenue will become area(s):

Refer to Figure 11-4. Using the per-worker production function in the figure above, the largest changes in an economy's standard of living would be achieved by a movement from

A) D to B to E. B) C to B to A. C) A to B to C. D) E to B to D.

The more inelastic the schedule, the greater the percentage of the tax that is borne on the other side of the market

a. True b. False