Moving downward and to the right along a linear demand curve, we know that total revenue
a. first increases, then decreases.
b. first decreases, then increases.
c. always increases.
d. always decreases.
a
You might also like to view...
If the four-firm concentration ratio of an industry is
A) near 100, the industry is considered very competitive. B) less than 40, the industry is considered an oligopoly. C) over 40, the industry is considered monopolistic competition. D) less than 40, the industry is considered monopolistic competition. E) close to 0, the industry is considered a monopoly.
Which of the following is associated with the problem of hyperinflation? a. Money is in short supply
b. The value of money rises dramatically. c. The government runs out of money. d. People look for alternatives to using money. e. People start to hold on to money for long periods of time.