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Author Question: If the demand for a good is elastic, then total revenue a. increases as price increases b. remains ... (Read 120 times)

daltonest1984

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

Question 2

If the administration raises tuition on our campus in order to increase revenue, it will
 a. not be successful if the demand curve slopes downward
  b. be successful if demand is elastic
  c. be successful if demand is inelastic
  d. be successful if supply is elastic
  e. be successful if supply is inelastic
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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fur

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

C

Answer to Question 2

C


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daltonest1984

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Reply #2 on: Jul 1, 2018
Correct answers!


fur

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Reply #3 on: Jul 1, 2018
Great! Please up vote :D


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