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Author Question: There is no change in total revenue when the demand curve for a good is: a. unitary elastic. b. ... (Read 27 times)

silviawilliams41

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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.


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fur

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

a


silviawilliams41

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Reply 2 on: Jun 30, 2018
Excellent

epscape

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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