This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If an increase in price results in no change in total revenue, then demand must be A) inelastic. ... (Read 133 times)

jake

  • Hero Member
  • *****
  • Posts: 538
on: Jun 29, 2018
If an increase in price results in no change in total revenue, then demand must be
 
  A) inelastic.
  B) elastic.
  C) unit elastic.
  D) infinitely elastic.

Question 2

Firms use incentives to pursue their most fundamental goal, which is to maximize
 
  A) profits.
  B) sales revenue.
  C) worker satisfaction.
  D) worker pay.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


jake

  • Hero Member
  • *****
  • Posts: 538
Reply #2 on: Jun 29, 2018
Correct answers!


bbburns21

  • Sr. Member
  • ****
  • Posts: 336
Reply #3 on: Jun 29, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

Though newer “smart” infusion pumps are increasingly becoming more sophisticated, they cannot prevent all programming and administration errors. Health care professionals that use smart infusion pumps must still practice the rights of medication administration and have other professionals double-check all high-risk infusions.

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Egg cells are about the size of a grain of sand. They are formed inside of a female's ovaries before she is even born.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Free energy change during electron transport Free energy change during electron transport
Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha Multiple sclerosis (MS). (a) A disease characterized by the gradual development of small areas of ha
How to create a price index to calculate inflation for a basket of goods How to create a price index to calculate inflation for a basket of goods
The induced conformational change in hexokinase The induced conformational change in hexokinase
Neutral Technological Change Neutral Technological Change
A Change of Heart A Change of Heart
Video: How to find out if a population is evolving?

For a complete list of videos, visit our video library