B price changes total revenue in a positive way

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b. price changes ; total revenue in a positive way; reactions c. actions rarely; rivals; actions d. price increases; total revenue in the long run only; large but not small price changes The correct answer is: actions; rivals; reactions
Question 11 Correct Mark 1.00 out of 1.00 Which one of the following is an example of a frictionally unemployed individual? Select one:
Question 12 Correct Mark 1.00 out of 1.00 Because tourist demand for airline ³ights is relatively _______ , small _______ in price will result in relatively _______ in additional tourists. Select one:
Question 13 Incorrect Mark 0.00 out of 1.00 Monopolistic competition is an industry characterized by: Select one:
Question 14 Incorrect Mark 0.00 out of 1.00 A monopoly responds to an increase in demand by _______ price and _______ output. Select one: a. increasing; decreasing b. increasing; increasing c. decreasing; increasing d. decreasing, decreasing The correct answer is: increasing; increasing
Question 15 Correct Mark 1.00 out of 1.00 Charges that are paid for factors of production are called: Select one:
Question 16 Correct Mark 1.00 out of 1.00 What do economists mean by the term "sticky wage?" Select one:

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