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Author Question: An increase in total revenue results occurs from which of the following? a. Price decreases when ... (Read 33 times)

Haya94

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

c

Answer to Question 2

a


Haya94

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

LVPMS

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Reply 3 on: Yesterday
Excellent

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