If the demand for a product is perfectly inelastic, a decrease in the price of the product
A) will increase total revenue.
B) will decrease total revenue.
C) will not change total revenue.
D) any of the above are possible.
Answer: B
Economics
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An argument against free trade is that it might endanger national security
Indicate whether the statement is true or false
Economics
An ideal voting system must not have:
A. a one-dimensional issue being voted on. B. a person who has the power to single-handedly enact his or her own preferences. C. a person who can convince everyone to vote for his or her preferences, and not their own. D. transitivity of preferences
Economics