A rise in the price of a product lowers the total revenue from the product if the
A) income elasticity of demand exceeds 1.
B) good is an inferior product.
C) demand for the product is inelastic.
D) demand for the product is elastic.
D
Economics
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Survey evidence from forex traders indicates support for the economic fundamental's impact on exchange rates:
a. in the short run. b. in the moderate run. c. only in the long run. d. not at all.
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The author of The Wealth of Nations; The author of the General Theory
a. David Ricardo; John Maynard Keynes. b. Adam Smith; A. C. Pigou. c. Adam Smith; David Ricardo d. Adam Smith; John Maynard Keynes. e. Adam Smith; John Stuart Mills.
Economics