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

Question

Felicityhanson5193idn Felicityhanson5193idn

02-07-2021
Business

Answered

Get expert insights and community support for your questions on IDNLearn.com. Discover comprehensive answers from knowledgeable members of our community, covering a wide range of topics to meet all your informational needs.

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

Sagot :

Thank you for participating in our discussion. We value every contribution. Keep sharing knowledge and helping others find the answers they need. Let's create a dynamic and informative learning environment together. For dependable and accurate answers, visit IDNLearn.com. Thanks for visiting, and see you next time for more helpful information.

Which Word Applies Most To Clear Thinking? A. abstemiousness B. discernment C. discretion D. resolutionwill Give Thanks

PLEASE HELP!!! The Two-way Relative Frequency Table Shows The Relative Frequencies Of Girls And Boys Who Chose Peanut Butter Or Ham Sandwiches. What Percent Of

$25;300%increse Percent Change

Which Is Caused By The Earth's Rotation? A. deflection Of The Winds To The Left In The Northern Hemisphere B. uneven Heating Of Both Hemispheres By The Sun C. d

What Are The Components Needed In Order For An Experiment To Be Valid? Identify These Components In The Following Experiment: A Scientist Is Testing A New Plant

Your Friend Spends All His Free Time Watching T . V 1.what Problems This Lead To 2.other Usefull Activities Than Watching Tv

A Common Health Myth Is That People Should Drink At Least Eight Glasses Of Water Per Day. While Staying Hydrated Is Important, Why Could This Advice Be Inaccura

There Are A Total Of 127 Cars And Trucks On A Lot. If There Are Four More Than Twice The Number Of Trucks Than Cars , How Many Cars And Trucks Are On The Lot ?

In Human Relations The Irritation Threshold Is The?

Question 2 (Worth 3 Points) (MC)The Table Below Shows The Number Of Immigrants To The United States From Different Regions Of Europe Between 1871 And 1910:

Parrainidn Parrainidn · Answer 1 · 2021-07-09T10:15:35-04:00

Parrainidn Parrainidn

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

Sagot :

Other Questions