The U.S. received only _____ of the total number of slaves crossing the Atlantic

Suppose that there is an increase in technology. The classical model predicts that

a. both output and the price level rises. b. output rises and the price level remains the same. c. output rises and the price level falls. d. none of the above.

If the price elasticity of demand for apples is 0.8, then a 2.4% increase in the price of apples will decrease the quantity demanded of apples by

a. 1.92%, and apples sellers' total revenue will increase as a result. b. 1.92%, and apples sellers' total revenue will decrease as a result. c. 3%, and apples sellers' total revenue will increase as a result. d. 3%, and apples sellers' total revenue will decrease as a result.