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

Read the following sentence. Ex convict was released after pleading no contest to all charges. Please edit the above sentence and include the correctluse of hyp
A Stone of mass 20kg fall from a height 5m.what is the time take to reach the ground? 2 . The average kinetic energy of body(neglect energy loss and take gravi
HELP ASAP PLEASE I HAVE 3 MORE MINUTES will mark brainliestWhat are the 8 principles of design and how do artists use these?
Find the volume and area for the objects shown and answer Question
Which Expression Is Equivalent to 1/6 - 3/8 + 1/2 a) 1/6 -(-3/8) + 1/2 b) 1/6 - (-3/8) + (-1/2) c) 1/6 + (-3/8) + (-1/2) d) 1/6 + (-3/8) + 1/2
Answer question (picture below) and show work please
If 3 hippos eat 5 pumpkins , how many pumpkins per hippo is that ?
Please help me with these five problems dont understand them
What is 10+10 Please help meeee​
If i want to cite my online sources, how do I credit the google search engine?