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Author Question: If the demand for ptyalin is unit elastic, then a. total revenue decreases as quantity demanded ... (Read 171 times)

kellyjaisingh

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on: Jul 1, 2018
If the demand for ptyalin is unit elastic, then
 a. total revenue decreases as quantity demanded increases
  b. total revenue increases as quantity demanded increases
  c. total revenue increases as price increases
  d. total revenue remains constant as price increases
  e. total revenue decreases as price increases

Question 2

If the demand for swordfish is price elastic and the price of swordfish increases, then
 a. the quantity of swordfish demanded will increase
  b. the total revenue from swordfish sales will decrease
  c. the total revenue from swordfish sales will increase
  d. the total revenue from swordfish sales will not change
  e. whether total revenue rises or falls depends on how much the price of swordfish increases


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nanny

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Reply #1 on: Jul 1, 2018
Answer to Question 1

D

Answer to Question 2

B


kellyjaisingh

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

kishoreddi

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  • Posts: 329
Reply 3 on: Yesterday
Great answer, keep it coming :)

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