This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Over the elastic portion of a demand curve, a decrease in price causes: a. an increase in total ... (Read 85 times)

neverstopbelieb

  • Hero Member
  • *****
  • Posts: 534
on: Jun 30, 2018
Over the elastic portion of a demand curve, a decrease in price causes:
 a. an increase in total revenue.
  b. a decrease in total revenue.
  c. no change in total revenue.
  d. an increase in quantity demanded, but anything can happen to revenue.

Question 2

A perfectly elastic demand curve has an elasticity coefficient of:
 a. 0.
  b. 1.
  c. less than 1.
  d. infinity.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

reelove4eva

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

d


neverstopbelieb

  • Member
  • Posts: 534
Reply 2 on: Jun 30, 2018
Gracias!

dyrone

  • Member
  • Posts: 322
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Did you know?

Adults are resistant to the bacterium that causes Botulism. These bacteria thrive in honey – therefore, honey should never be given to infants since their immune systems are not yet resistant.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent Chinese workers on a railway in the far West. “Without them,” Leland Stanford, president of the Cent
Find the lateral area, total surface area, and volume of the frustum Find the lateral area, total surface area, and volume of the frustum
The electromagnetic spectrum. Ionizing radiation is only a small portion of the electromagnetic ... The electromagnetic spectrum. Ionizing radiation is only a small portion of the electromagnetic ...
United States, southwestern and southern states are suffer from a significant decrease in rainfall United States, southwestern and southern states are suffer from a significant decrease in rainfall
Bacteria growth curve Bacteria growth curve
Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ... Juan's Software Service Company is in a perfectly competitive market. Juan has total fixed ...
Video: TRH/TSH/Thyroid hormone

For a complete list of videos, visit our video library