[Answered] If an increase in price results in no change in total revenue, then demand must be A) inelastic. ...

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Author Question: If an increase in price results in no change in total revenue, then demand must be A) inelastic. ... (Read 254 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.

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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

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Author Question: If an increase in price results in no change in total revenue, then demand must be A) inelastic. ... (Read 254 times)

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