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Author Question: Along a downward-sloping linear demand curve, total revenue is greatest if demand is a. inelastic ... (Read 120 times)

rayancarla1

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on: Jul 1, 2018
Along a downward-sloping linear demand curve, total revenue is greatest if demand is
 a. inelastic
  b. elastic
  c. inelastic when prices are high
  d. elastic when prices are high
  e. unit elastic

Question 2

The absolute value of the price elasticity of demand at the midpoint of a linear demand curve is always
 a. greater than one
  b. less than one
  c. one
  d. zero
  e. infinity


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sabina576

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Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

C


rayancarla1

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Reply #2 on: Jul 1, 2018
Thank you :)


sabina576

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Reply #3 on: Jul 1, 2018
Happy to help you


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