Refer to the graphs below. Which one shows demand with a price-elasticity coefficient equal to zero?

Refer to the Article Summary. The article discusses wealth inequality, and for some people this means a more equitable distribution of wealth is needed in the economy

Would an equitable distribution of wealth necessarily be the most efficient distribution of wealth? A) No, it is impossible to have an economically efficient distribution which is also an equitable distribution. B) Yes, equitable and efficient are two different words which have the same definition. C) Yes, in order for the distribution to be equitable, it must also be efficient. D) No, an economically efficient distribution of wealth would not necessarily be equitable.

Refer to the table below for Nina. What is the change in total revenue if she lowers the price from $20 to $18?

The table shows the demand schedule facing Nina, a monopolist selling baskets.



A. $10
B. $20
C. $30
D. $40