Over the price range from $180 to $120 in Figure 20.1, ceteris paribus,
A. Demand is increasing.
B. Total revenue is maximized.
C. Utility is maximized.
D. Demand is elastic.
Answer: D
Economics
You might also like to view...
The theory that real shocks to the economy are the primary cause of business cycles is
A) monetarism. B) Keynesian theory. C) real business cycle theory. D) Hamiltonian theory.
Economics
Suppose the ABC Corporation had a stock price of $56.80 on December 31, 2006. On December 31, 2007, it has a stock price of $60.15. Over the year, it paid $2.00 in dividends per share. Calculate the total return of a share of ABC Corporation stock in 2007, showing your work.
What will be an ideal response?
Economics