The slope of an isocost line determines the marginal rate of substitution

Suppose the absolute value of the price elasticity of demand for basketball game tickets on your campus is greater than 1. Increasing ticket prices will increase the total revenue from ticket sales

Indicate whether the statement is true or false

For a given positively sloped supply curve, the price increase to consumers resulting from a specific tax imposed on sellers will be

A) greater the more price elastic demand is. B) greater the less price elastic demand is. C) equal to the entire tax when demand is perfectly elastic. D) equal to half of the tax whenever demand is unit elastic.