There is no change in total revenue when the demand curve for a ...

[silviawilliams41]

There is no change in total revenue when the demand curve for a good is:
 a. unitary elastic.
  b. perfectly inelastic.
  c. elastic.
  d. inelastic.
  e. perfectly elastic.

Question 2

If the quantity of tickets to the fair sold decreases by 10 percent when the price increases by 5 percent, the price elasticity of demand over this range of the demand curve is:
 a. price elastic.
  b. price inelastic.
  c. perfectly inelastic.
  d. unitary elastic.

[fur]

Answer to Question 1

a

Answer to Question 2

a

[silviawilliams41]

Thanks for the timely response, appreciate it

[fatboyy09]

Great answer, keep it coming