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Author Question: An increase in total revenue results occurs from which of the following? a. Price decreases when ... (Read 64 times)

Haya94

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An increase in total revenue results occurs from which of the following?
 a. Price decreases when demand is inelastic.
  b. Price increases when demand is elastic.
  c. Price decreases when demand is elastic.
  d. Price increases when demand is unitary elastic.

Question 2

Suppose the Pleasant Corporation cuts the price of its American Girl dolls by 10 percent, and as a result, the quantity of the dolls sold increases by 25 percent. This indicates that the price elasticity of demand for the dolls over this range is:
 a. 2.5.
  b. 0.4.
  c. 0.5.
  d. 5.0.



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sierramartinez

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Answer to Question 1

c

Answer to Question 2

a




Haya94

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


epscape

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Reply 3 on: Yesterday
Gracias!

 

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