[Answered] Over the elastic portion of a demand curve, a decrease in price causes: a. an increase in total ...

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neverstopbelieb

Hero Member
Posts: 534

on: Jun 30, 2018

Over the elastic portion of a demand curve, a decrease in price causes:
a. an increase in total revenue.
b. a decrease in total revenue.
c. no change in total revenue.
d. an increase in quantity demanded, but anything can happen to revenue.

Question 2

A perfectly elastic demand curve has an elasticity coefficient of:
a. 0.
b. 1.
c. less than 1.
d. infinity.

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reelove4eva

Sr. Member
Posts: 332

Reply #1 on: Jun 30, 2018

Answer to Question 1

a

Answer to Question 2

d

neverstopbelieb

Member
Posts: 534

Reply 2 on: Jun 30, 2018

Gracias!

connor417

Member
Posts: 329

Reply 3 on: Yesterday

TYSM

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