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Author Question: Over the elastic portion of a demand curve, a decrease in price causes: a. an increase in total ... (Read 108 times)

neverstopbelieb

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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

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

a

Answer to Question 2

d


neverstopbelieb

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  • Posts: 534
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

xiaomengxian

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

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