Which of the following is true?

A. An example of price ceiling is minimum wage.
B. A topic typically studied in macroeconomics is market failure.
C. Marginal cost is the additional benefit from consuming an extra good.
D. Total revenue will decrease if price increases in the elastic portion of the demand curve.

Question

04-06-2024
Business

Answered

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Which of the following is true?

A. An example of price ceiling is minimum wage.
B. A topic typically studied in macroeconomics is market failure.
C. Marginal cost is the additional benefit from consuming an extra good.
D. Total revenue will decrease if price increases in the elastic portion of the demand curve.

Sagot :

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