Author Question: If the price of Pepsi-Cola increases from 50 cents to 60 cents per can and the quantity demanded ... (Read 481 times)

maychende

  • Hero Member
  • *****
  • Posts: 556
If the price of Pepsi-Cola increases from 50 cents to 60 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then the Pepsi-Cola Company could increase its total revenue by
 a. lowering price
  b. decreasing quantity supplied
  c. leaving price the same
  d. raising price
  e. decreasing supply

Question 2

The demand for a good is elastic if
 a. an increase in price leads to a decrease in total revenue
  b. an increase in price leads to an increase in total revenue
  c. an increase in price causes no change in total revenue
  d. total revenue is maximum
  e. total revenue is minimum



djpooyouma

  • Sr. Member
  • ****
  • Posts: 325
Answer to Question 1

A

Answer to Question 2

A



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Many of the drugs used by neuroscientists are derived from toxic plants and venomous animals (such as snakes, spiders, snails, and puffer fish).

Did you know?

Aspirin is the most widely used drug in the world. It has even been recognized as such by the Guinness Book of World Records.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

The word drug comes from the Dutch word droog (meaning "dry"). For centuries, most drugs came from dried plants, hence the name.

For a complete list of videos, visit our video library