Author Question: There is no change in total revenue when the demand curve for a good is: a. unitary elastic. b. ... (Read 15 times)

silviawilliams41 · **on:** Jun 30, 2018

There is no change in total revenue when the demand curve for a good is:
a. unitary elastic.
b. perfectly inelastic.
c. elastic.
d. inelastic.
e. perfectly elastic.

Question 2

If the quantity of tickets to the fair sold decreases by 10 percent when the price increases by 5 percent, the price elasticity of demand over this range of the demand curve is:
a. price elastic.
b. price inelastic.
c. perfectly inelastic.
d. unitary elastic.