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Author Question: If a firm in a perfectly competitive market were to raise its price, its (Read 45 times)

sh03641

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on: Oct 12, 2022
If a firm in a perfectly competitive market were to raise its price, its
◦ revenue would fall dramatically.
◦ revenue would increase only if market demand were inelastic.
◦ total costs would increase.
◦ profits would increase as long as costs remained constant.
◦ revenue would decrease only if market demand were elastic.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by sh03641 on Oct 12, 2022

Asfa

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Reply #1 on: Oct 12, 2022
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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sh03641

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

adf223

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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