For a wheat farmer, the following factor(s) are uncontrollable
a. Quality of the wheat
b. Weather
c. The speed at which the product reaches its buyers
d. All of the above
b
Economics
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Which of the following is not possible?
a. Demand is elastic, and a decrease in price causes an increase in revenue. b. Demand is unit elastic, and a decrease in price causes an increase in revenue. c. Demand is inelastic, and an increase in price causes an increase in revenue. d. Demand is perfectly inelastic, and an increase in price causes an increase in revenue.
Economics
If X is a normal good, a rise in money income will shift the:
A. supply curve for X to the right. B. demand curve for X to the left. C. demand curve for X to the right. D. supply curve for X to the left.
Economics