If a consumer experiences a decrease in income, the new budget constraint will have the same slope as the old budget constraint

If the price of Pepsi-Cola increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then the Pepsi-Cola Company could increase its total revenue by

a. lowering price b. decreasing quantity supplied c. leaving price the same d. raising price e. decreasing supply

The current chairman of the Federal Reserve Board of Governors is

a. Milton Friedman b. Alan Greenspan c. Paul Volcker d. James Baker e. John Maynard Keynes