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Author Question: If a decrease in the price of theater tickets increases the total revenue earned by the theater, ... (Read 113 times)

cabate

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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.


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efwsefaw

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

a

Answer to Question 2

c


cabate

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

amcvicar

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Reply 3 on: Yesterday
Wow, this really help

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