If the demand for a good is price inelastic and the good price is increased, then the marginal revenue (MR) received by the seller will

Financial innovation has caused

A) banks to suffer declines in their cost advantages in acquiring funds, although it has not caused a decline in income advantages. B) banks to suffer a simultaneous decline of cost and income advantages. C) banks to suffer declines in their income advantages in acquiring funds, although it has not caused a decline in cost advantages. D) banks to achieve competitive advantages in both costs and income.

A decline in domestic output would cause a ________ in net exports and a ________ in the exchange rate

A) rise; rise B) rise; fall C) fall; rise D) fall; fall