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Author Question: If the demand for a product is perfectly inelastic, a decrease in the price of the product A) ... (Read 145 times)

Chelseaamend

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on: Jun 29, 2018
If the demand for a product is perfectly inelastic, a decrease in the price of the product
 
  A) will not change total revenue. B) will decrease total revenue.
  C) will increase total revenue. D) any of the above are possible.

Question 2

Last year, the Pottery Palace supplied 8,000 ceramic pots at 40 each. This year, the company supplied the same quantity of ceramic pots at 55 each. Based on this evidence, The Pottery Palace has experienced
 
  A) an increase in the quantity supplied. B) a decrease in supply.
  C) a decrease in the quantity supplied. D) an increase in supply.
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welcom1000

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Reply #1 on: Jun 29, 2018
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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Chelseaamend

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Reply #2 on: Jun 29, 2018
Thank you :)


welcom1000

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Reply #3 on: Jun 29, 2018
Happy to help you


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