If a decrease in price increases total revenue, what can you determine about the elasticity of demand for the good?

If a restaurant, as a regular policy, gives a morning newspaper to each customer who orders a complete breakfast, the restaurant is

A) engaging in predatory pricing of breakfasts. B) engaging in predatory pricing of newspapers. C) selling breakfasts below cost. D) distributing newspapers below cost. E) almost certainly doing none of the above.

Of the four models of the business cycle, which model's implication concerning the change in real wages during recessions is consistent with actual observed changes in real wages during recessions?

A) the Real Business Cycle theory B) the Friedman-Phelps-Lucas Model C) the Keynesian Model D) None of the above.