felicityhanson5193 felicityhanson5193
  • 02-07-2021
  • Business
contestada

Suppose that demand is unitary elastic at all points. When price is increased from a point on this demand curve, then total revenue will_____________.

Respuesta :

Parrain
Parrain Parrain
  • 09-07-2021

Answer: not change

Explanation:

When a good's demand is said to be unitary elastic, it means that an increase in price causes a proportional decrease in quantity demanded which means that neither effect would have dominance over the other.

When this happens, total revenue will not change because the increase (decrease) in price will be cancelled out by the decrease (increase) in quantity demanded.

Answer Link

Otras preguntas

help help help help help help
Find the slope and y intercept (Please show work)
4y + 3x + 2y + 9x + 4 Anyone down to help with this and other ones ?
Question 13 (5 points) Find the distance between (-8, 4) and (-8, -2). 6 units 2 units 10 units 8 units
Graph the line that passes through the points (-4,-6) and (-2,-7) and determine the equation of the line.
Tony advertises a 2014 Honda Civic car for sale at $12,999 on a website known as ‘Koala Car Sales’. Mike reads the advertisement. He is interested and so calls
Complete the correct form of verb in parenthesis. El profesor busca un alumno que (saber) usar una computadora. La muchacha tiene amigo que (saber) hablar japo
What expression is equivalent to 9-(-12)
When the economy was expanding,new housing developments being to,_______:when times are lean, construction slacks off.
Compare and contrast the policies of Louis XVIII and Charles X.