If demand is perfectly inelastic, a decrease in price results in a(n)
a. decrease in seller's total revenue
b. increase in total seller's expenditure
c. increase in expenditure on the good, but a decrease in revenue to the seller
d. unfavorable shift in tastes and preferences
e. increase in total revenue to the seller
A
Economics
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Indicate whether the statement is true or false
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Open market operations refer to the purchase or sale of ________ to control the money supply
A) corporate bonds and stocks by the Federal Reserve B) U.S. Treasury securities by the U.S. Treasury C) U.S. Treasury securities by the Federal Reserve D) corporate bonds and stocks by the U.S. Treasury
Economics