Business

28 April, 06:21

A price change causes the quantity demanded of a good to increase by 25 percent. As a result, total revenue from sales of the good decreases by 10 percent. Based on the change to total revenue, say whether the demand curve is elastic or inelastic.

+5

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “A price change causes the quantity demanded of a good to increase by 25 percent. As a result, total revenue from sales of the good ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

The total annual expenditures on advertising in the United States Multiple Choice peaked last year at approximately $700 billion. has declined significantly as firms utilize different online promotional opportunities. is about $420 billion.

A corporation has 10,000 shares of $100 par stock outstanding. If the corporation issues a 5-for-1 stock split, the number of shares outstanding after the split will be 40,000.

A bussiness reports profits when ___ are greater than___. A - revenues, demand B - supply, demand C - expenses, revenues D-revenues, expeses E-expenes, supply

A budget should include a balance sheet and a (n) O inventory list. income statement. 5-year projection. Short term marketing assessment

These are regions of interconnected buyer, suppliers, and producers of complementary solutions, which emerge due to the benefits of proximity knowledge exchange.?

New Questions in Business

Sharp Focus Cameras is facing intense competitive pressure. Top marketing managers are looking for ways to cut costs. They are considering a plan to cut distribution costs by eliminating marketing intermediaries from the channel of distribution.

Older adults who participated in 20 one-hour video game training sessions with the program lumosity showed reduction in their:

The total of tools, equipment, machinery, and buildings used to produce goods and services is called supply. True or False

What percentage of federal revenues is made up of corporate taxes

F Rudy offers Oscar $200 for his laptop valued at $600 and Oscar agrees, a court will probably