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

Author Question: Along a downward-sloping linear demand curve, total revenue is greatest if demand is a. inelastic ... (Read 95 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


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

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


« previous next »
 

Did you know?

More than 20 million Americans cite use of marijuana within the past 30 days, according to the National Survey on Drug Use and Health (NSDUH). More than 8 million admit to using it almost every day.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Urine turns bright yellow if larger than normal amounts of certain substances are consumed; one of these substances is asparagus.

Did you know?

Addicts to opiates often avoid treatment because they are afraid of withdrawal. Though unpleasant, with proper management, withdrawal is rarely fatal and passes relatively quickly.

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Survivorship curve for the North American beaver. Survivorship curve for the North American beaver.
Patient with DiGeorge syndrome. Note low set ears and wide set downward slanting eyes; often these ... Patient with DiGeorge syndrome. Note low set ears and wide set downward slanting eyes; often these ...
Cat paw mobilizing of shoulders toward the feet. Press downward along upper trapezius muscle from ... Cat paw mobilizing of shoulders toward the feet. Press downward along upper trapezius muscle from ...
The growth in demand for oil in China is driven by the growth in demand for personal transport The growth in demand for oil in China is driven by the growth in demand for personal transport
Graphing linear equations Graphing linear equations
Linear programming problems Linear programming problems
Video: Body plan of euglena Animation

For a complete list of videos, visit our video library