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Author Question: Price and total revenue are inversely related when demand is (Read 69 times)

c0205847

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on: May 25, 2020

Question 1

When people have more time to respond to price changes, demand becomes
◦ less elastic.
◦ more elastic.
◦ unitary elastic.
◦ neither more nor less elastic because time has no effect on demand.

Question 2

Price and total revenue are inversely related when demand is
◦ inelastic.
◦ elastic.
◦ perfectly inelastic.
◦ unitarily elastic.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by c0205847 on May 25, 2020

potomatos

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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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c0205847

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Reply 2 on: May 25, 2020
Thanks for the timely response, appreciate it

flexer1n1

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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