Refer to the figure below. Suppose this demand curve shows the demand for lattes at a single coffee shop that charges $2.00 for a latte. If the manager wants to increase total revenue, what should the manager do? A.Increase the price from $2.00 to $3.00. B.Reduce the price from $ … 阅读详情>> "Refer to the figure below. Suppose this demand curve shows the demand for lattes at a single coffee shop that charges $2.00 for a latte. If the manager wants to increase total revenue, what should the manager do?"

If demand is _ with respect to price, a price increase will _ total revenue. A.inelastic; decrease B.elastic; increase C.inelastic; increase D.unit elastic; decrease 正确答案：inelastic; increase

To increase total revenue, firms with _ demand should lower price, and firms with _ demand should increase price. A.inelastic; elastic B.elastic; unit C.unit; inelastic D.elastic; inelastic 正确答案：elastic; inelastic

A firm that produces a good with many substitutes will most likely find that: A.lowering its price will not affect total revenue. B.lowering its price will increase total revenue. C.lowering its price will decrease total revenue. D.raising its price will increase total revenue. 正 … 阅读详情>> "A firm that produces a good with many substitutes will most likely find that:"

Which of the following determines whether a firm will earn higher revenues when it raises its price? A.Government regulation of the industry. B.The price elasticity of demand. C.The cost of the firm’s inputs. D.None of the above, because companies always earn higher revenues when … 阅读详情>> "Which of the following determines whether a firm will earn higher revenues when it raises its price?"

If the San Diego Opera decreases the price of their opera tickets and their total revenue falls, then this suggests that, at the original price, the demand for tickets to the San Diego Opera was: A.either elastic or inelastic. B.elastic. C.unit elastic. D.inelastic. 正确答案：inelasti … 阅读详情>> "If the San Diego Opera decreases the price of their opera tickets and their total revenue falls, then this suggests that, at the original price, the demand for tickets to the San Diego Opera was:"

Pepsi One is a close substitute for Diet Coke. When Pepsi introduced Pepsi One, the price elasticity of demand for Diet Coke _ and Coke’s ability to raise revenues through price increases _. A.decreased; was reduced B.had no effect; was reduced C.increased; increased D.increased; … 阅读详情>> "Pepsi One is a close substitute for Diet Coke. When Pepsi introduced Pepsi One, the price elasticity of demand for Diet Coke _ and Coke’s ability to raise revenues through price increases _."

When Taylor raised the price of earrings at Taylor’s Boutique, her total revenue from selling earrings increased. This suggests that: A.there are many other boutiques competing with Taylor. B.the demand for Taylor’s earrings at the original price was inelastic. C.there was excess … 阅读详情>> "When Taylor raised the price of earrings at Taylor’s Boutique, her total revenue from selling earrings increased. This suggests that:"

The owner of a pizza shop observes that when she raises the price of a large pizza, her total revenue decreases, and when she lowers the price of a large pizza, her total revenue increases. This suggests that: A.pizza lovers act irrationally. B.the demand for her large pizzas is … 阅读详情>> "The owner of a pizza shop observes that when she raises the price of a large pizza, her total revenue decreases, and when she lowers the price of a large pizza, her total revenue increases. This suggests that:"

When Joe’s Gas raises its price for regular unleaded gasoline, total revenue from regular unleaded gas falls to zero. It must be the case that A.the demand for Joe’s regular unleaded is inelastic. B.the demand for Joe’s regular unleaded gasoline is perfectly elastic. C.consumers … 阅读详情>> "When Joe’s Gas raises its price for regular unleaded gasoline, total revenue from regular unleaded gas falls to zero. It must be the case that"

If the demand for electricity is inelastic, then if the local utility wants to increase its total revenue, it should __ its price. A.lower B.frequently change C.raise D.not change 正确答案：raise 小提示:本节包含奇怪的同名章节内容

Growing rice requires extensive irrigation in California. Economists consider water to be a (n) for rice farmers in California. A.inferior good B.luxury C.need D.want 正确答案：want