There is no change in total revenue when the demand curve for a good is:
a. unitary elastic.
b. perfectly inelastic.
c. elastic.
d. inelastic.
e. perfectly elastic.
a
Economics
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Is this the correct definition of GDP when measured by production? "GDP for a nation's economy is all goods and services produced domestically in a year."
a. Yes b. No
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Refer to the figure above. What is the domestic demand for pens in Lithasia, after the economy opens up to free trade?
A) 6 units B) 12 units C) 16 units D) 22 units
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