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Author Question: If price is cut and demand is inelastic, then A) total revenue will fall. B) total revenue will ... (Read 121 times)

Alainaaa8

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on: Jun 30, 2018
If price is cut and demand is inelastic, then
 A) total revenue will fall.
  B) total revenue will not change.
  C) quantity demanded will fall
  D) total revenue will rise.

Question 2

Which of the following would be the most accurate description of demand for health care?
 a. perfectly elastic.
 b. relatively elastic
 c. relatively inelastic
  d. perfectly inelastic


cloudre37

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Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

c


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