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

Author Question: Along a downward-sloping linear demand curve, total revenue is greatest if demand is a. inelastic ... (Read 85 times)

rayancarla1

  • Hero Member
  • *****
  • Posts: 571
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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

sabina576

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jul 1, 2018
Answer to Question 1

E

Answer to Question 2

C


rayancarla1

  • Hero Member
  • *****
  • Posts: 571
Reply #2 on: Jul 1, 2018
Thank you :)


sabina576

  • Sr. Member
  • ****
  • Posts: 356
Reply #3 on: Jul 1, 2018
Happy to help you


« previous next »
 

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Your skin wrinkles if you stay in the bathtub a long time because the outermost layer of skin (which consists of dead keratin) swells when it absorbs water. It is tightly attached to the skin below it, so it compensates for the increased area by wrinkling. This happens to the hands and feet because they have the thickest layer of dead keratin cells.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Asthma is the most common chronic childhood disease in the world. Most children who develop asthma have symptoms before they are 5 years old.

Total body water (TBW) Total body water (TBW)
Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ... Compression ratio is the ratio of the total cylinder volume (when the piston is at the bottom of ...
Oxygen-binding curve for myoglobin Oxygen-binding curve for myoglobin
J or U dose-response curve J or U dose-response curve
Linear programming problems using the simplex method. Linear programming problems using the simplex method.
Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus). Type II curve. Mortality does not vary with age. Data for five-lined skink (Eumeces fasciatus).
Video: Vascular tissues in a corn stem and a buttercup root

For a complete list of videos, visit our video library