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

Author Question: If a decrease in the price of theater tickets increases the total revenue earned by the theater, ... (Read 128 times)

cabate

  • Hero Member
  • *****
  • Posts: 537
on: Jun 30, 2018
If a decrease in the price of theater tickets increases the total revenue earned by the theater, this is evidence that demand is:
 a. price elastic.
  b. price inelastic.
  c. unitary elastic.
  d. perfectly inelastic.

Question 2

Along the elastic range of a demand curve, a decrease in price causes:
 a. no change in total revenue.
  b. a decrease in total revenue.
  c. an increase in total revenue.
  d. an unpredictable change in total revenue.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

efwsefaw

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

c


cabate

  • Member
  • Posts: 537
Reply 2 on: Jun 30, 2018
Wow, this really help

recede

  • Member
  • Posts: 315
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Drug-induced pharmacodynamic effects manifested in older adults include drug-induced renal toxicity, which can be a major factor when these adults are experiencing other kidney problems.

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

All adverse reactions are commonly charted in red ink in the patient's record and usually are noted on the front of the chart. Failure to follow correct documentation procedures may result in malpractice lawsuits.

Did you know?

The immune system needs 9.5 hours of sleep in total darkness to recharge completely.

Total hip prosthesis. Total hip prosthesis.
An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo An intra-aortic balloon pump increases circulation to the coronary arteries and decreases the worklo
Although average brain size increases gradually though time in H. erectus, individuals with small br Although average brain size increases gradually though time in H. erectus, individuals with small br
Generally, the total tax burden in the United States is much lower than that of other industrialize Generally, the total tax burden in the United States is much lower than that of other industrialize
The areas in which reading-associated increases in activity were observed in the fMRI study of ... The areas in which reading-associated increases in activity were observed in the fMRI study of ...
Overall View of the Theater, Epidauros "منظر عام لمسرح، إبيدورس" Overall View of the Theater, Epidauros "منظر عام لمسرح، إبيدورس"
Video: Stress and Immune System Animation

For a complete list of videos, visit our video library