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Author Question: If the demand for insulin is inelastic, an increase in insulin prices leads to (Read 78 times)

dakota nelson

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on: May 24, 2019
If the demand for insulin is inelastic, an increase in insulin prices leads to
◦ less total revenue for insulin makers.
◦ more total revenue for insulin makers.
◦ no change in total revenue for insulin makers.
◦ first a decrease, then an increase in total revenue for insulin makers.
◦ Total revenue probably changes, but we need more information about the change in total expenditures on insulin to determine if the total revenue rises, falls, or stays the same.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by dakota nelson on May 24, 2019

rleezy04

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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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dakota nelson

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Reply 2 on: May 24, 2019
:D TYSM

laurnthompson

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

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