A nation's export supply curve for a specific product:
A. is upsloping.
B. shows the amount of the product it will export at prices below its domestic price.
C. lies below its import demand curve for the product.
D. depends on domestic supply of the product, but not on domestic demand.
A. is upsloping.
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In 2016, Medicare Part B premiums for single persons with incomes under $85,000 were
A. $372.50, with a deductible of $500. B. $121.80, with a deductible of $166. C. $248.00, with a deductible of $350. D. $199.50, with a deductible of $350.
A Decrease in price will result in an increase in total revenue if:
a. the percentage change in quantity demanded is less than the percentage change in price. b. the percentage change in quantity demanded is greater than the percentage change in price. c. demand is inelastic. d. the consumer is operating along a linear demand curve at a point at which the price is very low and the quantity demanded is very high.