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Author Question: When demand is price inelastic, total expenditure will vary directly with price but inversely with ... (Read 72 times)

K@

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on: May 25, 2020

Question 1

If price falls and demand is inelastic, then total revenue should rise.
◦ true
◦ false

Question 2

When demand is price​ inelastic, total expenditure will vary directly with price but inversely with quantity demanded.
◦ true
◦ false
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by K@ on May 25, 2020

Galvarado142

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Reply #1 on: May 25, 2020
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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K@

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Reply 2 on: May 25, 2020
YES! Correct, THANKS for helping me on my review

mjenn52

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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