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Author Question: Total revenue is the same for every price-quantity combination along a unit elastic demand curve. ... (Read 94 times)

abarnes

  • Hero Member
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  • Posts: 556
on: Jul 1, 2018
Total revenue is the same for every price-quantity combination along a unit elastic demand curve.
 a. True
  b. False

Question 2

If demand is elastic, a decrease in price leads to a decrease in total revenue.
 a. True
  b. False


macagn

  • Sr. Member
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  • Posts: 345
Reply #1 on: Jul 1, 2018
Answer to Question 1

A

Answer to Question 2

B


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