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

Author Question: Over the elastic portion of a demand curve, a decrease in price causes: a. an increase in total ... (Read 98 times)

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.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

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
Great answer, keep it coming :)

T4T

  • Member
  • Posts: 348
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

In inpatient settings, adverse drug events account for an estimated one in three of all hospital adverse events. They affect approximately 2 million hospital stays every year, and prolong hospital stays by between one and five days.

Did you know?

To maintain good kidney function, you should drink at least 3 quarts of water daily. Water dilutes urine and helps prevent concentrations of salts and minerals that can lead to kidney stone formation. Chronic dehydration is a major contributor to the development of kidney stones.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Frequency distribution curve: interpatient variability in drug response Frequency distribution curve: interpatient variability in drug response
To increase pressure using body weight, lean on your client. To increase pressure using body weight, lean on your client.
The Increase in Divorce The Increase in Divorce
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
Dose-response curve with threshold Dose-response curve with threshold
Portion of plasmid pV-GMGT04 used to create Roundup-Ready soybeans Portion of plasmid pV-GMGT04 used to create Roundup-Ready soybeans
Video: Role of the respiratory system - effect of altered ventilation rates

For a complete list of videos, visit our video library