Total revenue is the same for every price-quantity combination along a unit elastic demand curve. ...

Author Question: Total revenue is the same for every price-quantity combination along a unit elastic demand curve. ... (Read 171 times)

abarnes

Hero Member
Posts: 556

on: Jul 1, 2018

Total revenue is the same for every price-quantity combination along a unit elastic demand curve.
a. True
b. False

Question 2

If demand is elastic, a decrease in price leads to a decrease in total revenue.
a. True
b. False

macagn

Sr. Member
Posts: 345

Reply #1 on: Jul 1, 2018

Answer to Question 1

A

Answer to Question 2

B

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