Most nonnative speakers of English understand written text much better than they comprehend spoken English.

What happens when demand is elastic?

a. As price goes up, revenue goes down. b. As price goes down, revenue goes down. c. As price goes up, revenue goes up. d. As price goes up, revenue does not change.

A risk-averse international firm that enters a foreign market on a small scale will increase its potential losses

Indicate whether the statement is true or false.