If demand is unit elastic and price is __________, total revenue will _________.
A. raised; increase
B. raised; decrease
C. lowered; increase
D. lowered; remain unchanged
D. lowered; remain unchanged
Economics
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Which of the following would cause an increase in demand for Toyota automobiles?
a. an increase in the price of Toyota automobiles b. a decrease in the price of Toyota automobiles c. a decrease in the price of Honda automobiles d. an increase in the price of Honda automobiles
Economics
The recession of 2007-2009 decreased the demand for imports in Japan, which caused the ________ curve for the yen to shift to the ________, increasing the exchange rate and the value of the yen
A) supply; right B) supply; left C) demand; right D) demand; left
Economics