Suppose there is no change in total revenue when the price changes. The demand curve for this good is:
a. perfectly elastic.
b. perfectly inelastic.
c. elastic.
d. inelastic.
e. unitary elastic.
e
Economics
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Economists studying the impact of currency unions on trade found currency unions:
A) increased levels of trade by 221%. B) increased levels of trade by 104%. C) increased levels of trade by 38%. D) had no effect on trade levels.
Economics
Are tariffs and quotas equivalent in their economic effects? Demonstrate
What will be an ideal response?
Economics