By the time the Civil War (1861–1865) ended, hyperinflation was a problem in both the North and the South

If average product is decreasing, then marginal product must be negative

Indicate whether the statement is true or false

If the price elasticity of demand is elastic, then:

A. Ed < 1. B. consumers are relatively not very responsive to a price increase. C. an increase in the price will increase total revenue. D. there are likely a large number of substitute products available.