When interest rates fall, people will be willing to hold more money.

In the long run, total fixed cost equals zero

Indicate whether the statement is true or false

Which of the following is true for a firm with a downward-sloping demand curve for its product?

A) Price equals average revenue but is greater than marginal revenue. B) Price equals average revenue but is less than marginal revenue. C) Price, average revenue, and marginal revenue are all different. D) Price, average revenue, and marginal revenue are all equal.