Ask Question
BusinessBusiness
10 September, 18:51

Total revenue falls as the price of a good is raised, if the demand for the good is:

+4
Answers (1)
  1. 10 September, 19:20
    0
    The answer to this question is Elastic

    Elastic goods refers to the type of goods which order could be easily influenced by the price volatility.

    When the price of elastic good is raised, the customers will reduce their demand upon that product which lead to total revenue falls.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Total revenue falls as the price of a good is raised, if the demand for the good is: ...” 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
Individuals using a value investing strategy search for stocks that:
Answers (1)
Beranek Corp has $720,000 of assets (which equal total invested capital), and it uses no debt-it is financed only with common equity.
Answers (1)
According to When to Ally, When to Acquire: a) When the ratio of soft to hard resources is high, an acquisition would be more appropriate so that the soft resources do not leave the company.
Answers (1)
Which of the following firms is likely to have the greatest market power? A. a farmerB. an electric companyC. a local electronics retailerD. a grocery store
Answers (1)
Which of the following would be an example of an intrinsic reward from a manager to a subordinat Select one: a. additional medical insurance coverage b. a membership in a country club c. a grant of stock options d.
Answers (1)
New Questions in Business
XYZ title, in preparing a title commitment for a transaction set to close on July 1, 2009, comes across a deed from July 1, 1988 that is improperly acknowledged. What notation should they put on the title commitment?
Answers (1)
When a firm in perfect competition has economic profit is equal to zero?
Answers (1)
Workers who receive benefits are often less motivated. True or false.
Answers (1)
Examples of transaction costs include (check all that apply) : A. the cost of the externality. B. the cost of monitoring an agreement. C. the cost of drafting a contract or agreement. D.
Answers (1)
Josh, Inc. is faced with the choice of either producing a newly designed product, XX-30, to stock in anticipation of demand or to customer order. The demand for the product is expected to be 5,000 units per week.
Answers (1)
Home » Business » Total revenue falls as the price of a good is raised, if the demand for the good is:
Sign Up Forgot Password?