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Author Question: Price and total revenue are inversely related (i.e. when price rises revenue falls) when demand is (Read 93 times)

genevieve1028

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on: May 25, 2020

Question 1

Total revenue will increase if price
◦ rises and demand is elastic.
◦ falls and demand is inelastic.
◦ rises and demand is unitarily elastic.
◦ falls and demand is elastic.

Question 2

Price and total revenue are inversely related (i.e. when price rises revenue falls) when demand is
◦ perfectly inelastic.
◦ unitarily elastic.
◦ elastic.
◦ inelastic.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by genevieve1028 on May 25, 2020

abro1885

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Reply #1 on: May 25, 2020
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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genevieve1028

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

ashely1112

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Reply 3 on: Yesterday
Excellent

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