Question 2

If the equilibrium price of a certain commodity is less than unity, then

  • A.An increase in the price of the commodity will raise the total revenue of the producer
  • B.An increase in price revenue leaves the total revenue unchanged
  • C.A decrease in price raises the total revenue of the suppliers
  • D.A decrease in price revenue leaves the total constant
Objective

Question details

Exam body
FUTA
Subject
Economics
Year
2011/2012
Question no.
#2
Type
Objective

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