Suppose the price elasticity coefficients of demand are 1.43, 0.67, 1.11, and 0.29 for products W, X, Y, and Z respectively. A 1 percent decrease in price will increase total revenue in the case(s) of:

What causes new firms to enter into a monopolistically competitive market structure?

What will be an ideal response?

Liquidity provision and asset purchase may not be enough to stimulate the economy unless the these policy actions are able to

A) lower the real interest rate for investments. B) lower the short-term real interest rate. C) raise the policy rate above zero. D) lower the policy rate.