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Author Question: If a 2 percent rise in price leads to a 4 percent decrease in quantity demanded, then demand is (Read 604 times)

DyllonKazuo

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on: May 24, 2019
If a 2 percent rise in price leads to a 4 percent decrease in quantity demanded, then demand is
◦ elastic and total revenue decreases.
◦ elastic and total revenue increases.
◦ inelastic and total revenue decreases.
◦ elastic, but we cannot tell what happens to total revenue without more information.
◦ Total revenue decreases but we cannot tell if the demand is elastic or inelastic without more information.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by DyllonKazuo on May 24, 2019

sailorcrescent

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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DyllonKazuo

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Reply #2 on: May 24, 2019
Excellent


sailorcrescent

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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