An increase in price will result in an increase in total revenue if demand is:

Fred trades 2 tomatoes to Barney in exchange for 1 pumpkin. Fred and Barney both gain from the exchange. We can conclude that, for Barney, the opportunity cost of producing 1 pumpkin is greater than 2 tomatoes

a. True b. False Indicate whether the statement is true or false

Heterogeneity and the dynamic nature of labor markets are the principal causes of ________ unemployment.

A. frictional B. structural C. cyclical D. chronic