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Author Question: When demand is unit elastic, a change in price causes total revenue to stay the same because A) ... (Read 99 times)

nmorano1

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on: Jun 29, 2018
When demand is unit elastic, a change in price causes total revenue to stay the same because
 
  A) the change in profit is offset by the change in production cost.
  B) buyers are buying the same quantity.
  C) total revenue never changes with price changes.
  D) the percentage change in quantity demanded exactly offsets the percentage change in price.

Question 2

Sometimes you will hear economists argue that the infant industry argument against free trade is a weak one because these industries never seem to grow up. What is meant by this argument?
 
  What will be an ideal response?
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l.stuut

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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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nmorano1

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

xiaomengxian

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Reply 3 on: Yesterday
Wow, this really help

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