This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: KFC raises the price of its grilled chicken. The price elasticity of demand for KFC grilled chicken ... (Read 228 times)

rmenurse

  • Hero Member
  • *****
  • Posts: 513
on: May 24, 2019
KFC raises the price of its grilled chicken. The price elasticity of demand for KFC grilled chicken is 0.8. What happens to the KFC's total revenue?
◦ nothing
◦ It increases.
◦ It decreases.
◦ It becomes negative.
◦ It might change, but more information is needed to determine if it increases, decreases, or does not change.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by rmenurse on May 24, 2019

aburgess

  • Sr. Member
  • ****
  • Posts: 361
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.
Answer Preview
Only 26% of students answer this correctly


rmenurse

  • Hero Member
  • *****
  • Posts: 513
Reply #2 on: May 24, 2019
TY


aburgess

  • Sr. Member
  • ****
  • Posts: 361
Reply #3 on: May 24, 2019
You're welcome


« previous next »
 

Did you know?

Side effects from substance abuse include nausea, dehydration, reduced productivitiy, and dependence. Though these effects usually worsen over time, the constant need for the substance often overcomes rational thinking.

Did you know?

Not getting enough sleep can greatly weaken the immune system. Lack of sleep makes you more likely to catch a cold, or more difficult to fight off an infection.

Did you know?

In ancient Rome, many of the richer people in the population had lead-induced gout. The reason for this is unclear. Lead poisoning has also been linked to madness.

Did you know?

In the United States, there is a birth every 8 seconds, according to the U.S. Census Bureau's Population Clock.

Did you know?

In most climates, 8 to 10 glasses of water per day is recommended for adults. The best indicator for adequate fluid intake is frequent, clear urination.

Campylobacter bacteria are found in most chicken meat. If chicken meat is not well cooked or raw mea Campylobacter bacteria are found in most chicken meat. If chicken meat is not well cooked or raw mea
What came frist, the chicken or the egg? What came frist, the chicken or the egg?
Marginal Supply - Demand Curve Marginal Supply - Demand Curve
The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage The demand for oil can be reduced significantly with the introduction of new higher vehicle mileage
The original Supply and Demand graph The original Supply and Demand graph
"The Department of Agriculture came out today with its prediction for food price "The Department of Agriculture came out today with its prediction for food price
Video: Electrical changes in the heart

For a complete list of videos, visit our video library