If the qu X Econ Ch X
Sociolog X
Econ Tes x
Econ Fin X
7.1 Prod X
Sociolocx
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Question 9
50
If the quantity of bananas sold increases by 5 percent when the price decreases by 10 percent. the price change occurs in the
top half of the downward-sloping straight-line demand curve and total revenue increases from this price change,
bottom half of the downward sloping straight-line demand curve and total revenue increases from this price change.
bottom half of the downward sloping straight line demand curve and total revenue decreases from this price change,
top half of the downward slopine straighthe demand curve and total revenue decreases from this price changes
Question 10
5 pts

Anew japanese restaurant opens two blocks from your home. the owner, reiko, is a personal friend of yours. you don't particularly like japanese food, but you decide to go anyway; however, there is nothing on the menu that sounds appealing. unfortunately, it turns out that most of the people in your town don't like japanese cuisine either. reiko confides that business is not good, but she isn't sure what to do from an economic standpoint. which of the following would most likely describe adam smith's perspective on this problem? select one: a. reiko should ask the government for assistance. b. reiko should close the restaurant and find a different career. c. reiko should lay off workers and do everything herself to save money. d. reiko should add other foods to the menu and offer discounts to attract more people to her restaurant.