« previous next »

Author Question: If Sam wants to increase her total revenue from her sales of flowers and she knows that the demand ... (Read 30 times)

vicky

  • Hero Member
  • *****
  • Posts: 586
on: Jun 29, 2018
If Sam wants to increase her total revenue from her sales of flowers and she knows that the demand for flowers is price inelastic, she should
 
  A) lower her price to increase the demand and shift the demand curve rightward.
  B) raise her price because she knows that the quantity demanded will also increase.
  C) raise her price because she knows that the percentage decrease in the quantity demanded will be smaller than the percentage increase in price.
  D) lower her price because she knows that the percentage increase in the quantity demanded will be greater than the percentage decrease in price.

Question 2

The above figure shows the apartment rental market in Bigtown. At what rent will there be neither a shortage nor a surplus of apartments?
 
  A) 1250 per month
  B) 1000 per month
  C) 750 per month
  D) 500 per month


yahahah24021

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

C


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Though “Krazy Glue” or “Super Glue” has the ability to seal small wounds, it is not recommended for this purpose since it contains many substances that should not enter the body through the skin, and may be harmful.

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Calcitonin is a naturally occurring hormone. In women who are at least 5 years beyond menopause, it slows bone loss and increases spinal bone density.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Certain chemicals, after ingestion, can be converted by the body into cyanide. Most of these chemicals have been removed from the market, but some old nail polish remover, solvents, and plastics manufacturing solutions can contain these substances.

Face from flowers Face from flowers
Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ... Mean scores for Erikson’s stage VI (Intimacy) for two cohorts. Scores for both cohorts increase ...
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Desired Fertility versus Total Fertility Rate in Developing Countries Desired Fertility versus Total Fertility Rate in Developing Countries
Increase in Surface Area by Mechanical Weathering Increase in Surface Area by Mechanical Weathering
Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total Three mechanics worked 15 1/2, 14 3/4, 18 1/8 hours respectively. What was the total
Video: Exercise and cardiac output

For a complete list of videos, visit our video library