If a good is price elastic, a decrease in price will:
A) decrease total revenue.
B) increase total revenue.
C) not affect revenue.
D) none of the above.
B
Economics
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When two goods have positive cross elasticities of demand and positive income elasticities, they are: a. Normal and substitutes
b. Normal and complements. c. Inferior and substitutes. d. Inferior and complements.
Economics
If an investment of $400 increases to $800 in 16 years, the annual interest rate of the investment must be _____
a. 18% b. 10% c. 9% d. 4.5% e. 1.8%
Economics