Please sort the statements into whether they are true or false

Subject:EconomicsPrice:2.88 Bought3

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Please sort the statements into whether they are true or false.

- When supply is perfectly inelastic, a change in demand has no effect on the price.

- When the price increases, total revenue always increases because of the price effect: producers receive a higher price for the good.

- A key consideration as to whether the price elasticity of supply is elastic or inelastic is whether the good supplied is a luxury item.

- A Swiffer floor sweeper and a broom would have a positive cross-price elasticity of demand.

- The short-run elasticity of supply is larger than the long-run elasticity of supply because changes in equilibrium will adjust elasticity accordingly.