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Author Question: The total revenue test says that if a price decrease leads to (Read 47 times)

JMatthes

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on: May 24, 2019
The total revenue test says that if a price decrease leads to
◦ an increase in total revenue, demand is income elastic.
◦ a decrease in total revenue, demand is income inelastic.
◦ a decrease in total revenue, demand is price inelastic.
◦ a decrease in total revenue, supply is price inelastic.
◦ a decrease in total revenue, supply is price elastic.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by JMatthes on May 24, 2019

fur

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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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JMatthes

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Reply #2 on: May 24, 2019
Thank you!


fur

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Reply #3 on: May 24, 2019
Always glad to help...


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