Author Question: If the demand faced by a firm is elastic, selling one less unit of output will a. increase revenue. ... (Read 61 times)

ahriuashd

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If the demand faced by a firm is elastic, selling one less unit of output will
 a. increase revenue.
  b. decrease revenue.
  c. keep revenues constant.
  d. decrease price.

Question 2

If the demand faced by a firm is inelastic, selling one more unit of output will
 a. increase revenues.
  b. decrease revenues.
  c. keep revenues constant.
  d. increase profits.



choc0chan

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Answer to Question 1

b

Answer to Question 2

b



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