In the above figure, along which range would total revenue remain unchanged by raising prices?
A) between point a and point b
B) between point c and point d
C) between point d and point e
D) below point e and above point a.
B
Economics
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When a nation exports a good, its total surplus ________, and when it imports a good, its total surplus ________
A) increases; increases B) decreases; decreases C) increases; decreases D) decreases; increases E) does not change; does not change
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The money value of all trading activity (Q) at market prices (P) is called Gross Domestic Product for a given year
Indicate whether the statement is true or false
Economics