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

Author Question: If the demand for insulin is inelastic, an increase in insulin prices leads to (Read 75 times)

dakota nelson

  • Hero Member
  • *****
  • Posts: 604
on: May 24, 2019
If the demand for insulin is inelastic, an increase in insulin prices leads to
◦ less total revenue for insulin makers.
◦ more total revenue for insulin makers.
◦ no change in total revenue for insulin makers.
◦ first a decrease, then an increase in total revenue for insulin makers.
◦ Total revenue probably changes, but we need more information about the change in total expenditures on insulin to determine if the total revenue rises, falls, or stays the same.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by dakota nelson on May 24, 2019

rleezy04

  • Sr. Member
  • ****
  • Posts: 322
Reply #1 on: May 24, 2019
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.
Answer Preview
Only 56% of students answer this correctly


dakota nelson

  • Member
  • Posts: 604
Reply 2 on: May 24, 2019
Gracias!

frankwu0507

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Negative Feedback Insulin Glucagon Negative Feedback Insulin Glucagon
Insulin pump Insulin pump
Crossing over during meiosis leads to allele combinations in sex cells that are not present in the p Crossing over during meiosis leads to allele combinations in sex cells that are not present in the p
Insulin, glucagon, and blood glucose. Insulin, glucagon, and blood glucose.
Signaling pathways involving the insulin receptor Signaling pathways involving the insulin receptor
50-Unit Insulin Syringe 50-Unit Insulin Syringe
Video: Introduction to Diabetes

For a complete list of videos, visit our video library