When demand is elastic, an increase in price causes the seller's total revenue to:

Market-based regulations tend to work best with pollutants that

a. Are non-uniformly mixed and local in effect b. Have threshold effects c. Are uniformly mixed and regional in effect d. Cause non-point source pollution e. Have non-linear and local effects

Which of the following statements is true?

A) Capitalism has a tendency to eliminate scarcity. B) Competition could be eliminated if money were abolished. C) Competition is desirable and cooperation is undesirable. D) Greed must be present for a market transaction to be effective. E) None of the above.