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Author Question: If a price reduction leads to larger total revenue, demand is a. perfectly inelastic b. inelastic ... (Read 235 times)

mckennatimberlake

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on: Jul 1, 2018
If a price reduction leads to larger total revenue, demand is
 a. perfectly inelastic
  b. inelastic
  c. unit elastic
  d. elastic
  e. perfectly elastic

Question 2

If a firm raises the price of its product, its total revenue will
 a. always increase
  b. increase only if demand is price inelastic
  c. increase only if demand is price elastic
  d. remain constant, regardless of price elasticity of demand
  e. never increase
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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aliotak

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mckennatimberlake

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Reply 2 on: Jul 1, 2018
Great answer, keep it coming :)

ricroger

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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