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Author Question: Refer to Figure 6-7. Using the total revenue test to verify the price elasticity between points a ... (Read 45 times)

kamilo84

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on: Jun 29, 2018
Refer to Figure 6-7. Using the total revenue test to verify the price elasticity between points a and b on the demand curve, demand is
 
  A) perfectly inelastic. B) perfectly elastic. C) elastic. D) unit-elastic.

Question 2

Refer to Figure 3-2. An increase in the number of firms in the market would be represented by a movement from
 
  A) A to B. B) B to A. C) S1 to S2. D) S2 to S1.


fwbard

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Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


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kamilo84

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Reply #2 on: Jun 29, 2018
Correct answers!


fwbard

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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