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Author Question: The demand for a good is elastic if A) an increase in its price results in an increase in total ... (Read 65 times)

Sportsfan2111

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on: Jun 29, 2018
The demand for a good is elastic if
 
  A) an increase in its price results in an increase in total revenue.
  B) a decrease in its price results in a decrease in total revenue.
  C) an increase in its price results in a decrease in total revenue.
  D) the good is a necessity.

Question 2

In the table above, what price level belongs in space D?
 
  A) 125
  B) 130
  C) 140
  D) 145


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emilymalinowski12

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


Sportsfan2111

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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