Some luxury product manufacturers will purposefully raise prices on their goods in order to reduce sales volume. This strategy may successfully increase sales revenue if the luxury goods are subject to the ________ effect and have relatively ________ demand.

How can a bond have a negative rate of return?

A) if the current yield is greater than the coupon rate B) if the current yield is less than the coupon rate C) if the rate of capital loss exceeds the current yield D) if the rate of capital gains is less than the current yield

Based on the headline "Russia's Sable Monopoly Persists" you could predict that

A. The sable market is contestable. B. Sable producers are franchise monopolists. C. Output is more than it would be in a competitive sable market. D. Long-run economic profit is positive in the sable market.