In which of the following cases will total revenue increase?
A. Price falls and demand is inelastic.
B. Price falls and supply is elastic.
C. Price rises and demand is inelastic.
D. Price rises and demand is elastic.
Answer: C
Economics
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Which of the following statements about the rate of return is NOT correct?
A) The total rate of return may be greater or less than the current yield. B) The total rate of return may be greater or less than the rate of capital gain. C) The total rate of return may never be negative. D) The total rate of return is greater than the coupon, holding everything else constant.
Economics
The basic economic problem is:
a. inflation. b. unemployment. c. poverty. d. scarcity. e. lack of money.
Economics