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Author Question: In the figure above, when the price falls from $8 to $7, total revenue (Read 85 times)

nramada

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on: May 24, 2019


In the figure above, when the price falls from $8 to $7, total revenue
◦ increases from $120 to $210 so demand is elastic.
◦ decreases from $210 to $120 so demand is inelastic.
◦ increases from $120 to $210 so demand is inelastic.
◦ decreases from $210 to $120 so demand is elastic.
◦ increases from $120 to $210, but more information is needed to determine whether demand is elastic, inelastic, or unit elastic.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by nramada on May 24, 2019

bblaney

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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.
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nramada

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Reply #2 on: May 24, 2019
Thanks


bblaney

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Reply #3 on: May 24, 2019
Welcome :)


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