If a consumer purchases only two goods (x and y) and the demand for x is elastic, then a rise in the price of x:
a. will cause total spending on good y to rise.
b. will cause total spending on good y to fall.
c. will cause total spending on good y to remain unchanged.
d. will have an indeterminate effect on total spending on good y.
a
Economics
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Bid-rigging is less likely in
a. oral auctions b. English auctions c. first-price sealed-bid auctions d. all are equally likely
Economics
Refer to the information provided in Figure 7.10 below to answer the question(s) that follow. 
Figure 7.10Refer to Figure 7.10. The firm's level of total cost is represented by the given isocost line. At the optimal combination of capital and labor, the firm produces ________ units of output.
A. 100. B. 200. C. 300. D. indeterminate from this information.
Economics