If price is cut and demand is elastic, then
A) total revenue will fall.
B) total revenue will not change.
C) quantity demanded will fall.
D) total revenue will rise.
D
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Dee's TV Repair is the only TV repair shop in a small town. Dee is a single-price monopolist. Based on the demand and cost information in the table above, what quantity of TV repairs should Dee undertake?
A) 0 per week B) 10 per week C) 20 per week D) 30 per week
If one euro nation is experiencing rapid growth and inflation while another is facing sluggish growth and recession:
A. the two countries will disagree about the monetary policy that ought to be employed by the European Central Bank. B. the European Central Bank ought to employ a tight monetary policy. C. the European Central Bank ought to employ an easy monetary policy. D. only an appreciation of the euro can help both countries simultaneously.