[Answered] Along a downward-sloping linear demand curve, total revenue is greatest if demand is a. inelastic ...

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Author Question: Along a downward-sloping linear demand curve, total revenue is greatest if demand is a. inelastic ... (Read 137 times)

rayancarla1

Hero Member
Posts: 571

on: Jul 1, 2018

Along a downward-sloping linear demand curve, total revenue is greatest if demand is
a. inelastic
b. elastic
c. inelastic when prices are high
d. elastic when prices are high
e. unit elastic

Question 2

The absolute value of the price elasticity of demand at the midpoint of a linear demand curve is always
a. greater than one
b. less than one
c. one
d. zero
e. infinity

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sabina576

Sr. Member
Posts: 356

Reply #1 on: Jul 1, 2018

Answer to Question 1

E

Answer to Question 2

C

rayancarla1

Hero Member
Posts: 571

Reply #2 on: Jul 1, 2018

Thank you

sabina576

Sr. Member
Posts: 356

Reply #3 on: Jul 1, 2018

Happy to help you

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