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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 54 times)

silviawilliams41

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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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Answer to Question 1

a

Answer to Question 2

a




silviawilliams41

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Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it


cdmart10

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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