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In order for a price decrease to increase revenue which of the following must be true A. Demand must be elastic B. Demand must be inelastic. C. Demand must be unit elastic D. Supply must be inelastic?
Wiki User
∙ 13y ago
A)
Wiki User
∙ 13y ago
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Is the price and demand for junk food elastic or inelastic?
elastic
What will be the total higher quantity do in the elastic inelastic and unit-elastic?
The midpoint between elastic and inelastic is unit elastic
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
Is salt an elastic or inelastic product?
Inelastic
How do you determine if a collision was elastic inelastic or perfectly inelastic?
just check momentum before and after and if they're the same then elastic if not then inelastic.
What is elastic and inelastic collisions in terms of momentum?
what is elastic and inelastic collision what is elastic and inelastic collision what is elastic and inelastic collision
Is the price and demand for junk food elastic or inelastic?
elastic
What will be the total higher quantity do in the elastic inelastic and unit-elastic?
The midpoint between elastic and inelastic is unit elastic
Is supply for bar soap inelastic or elastic?
is soap elastic or inelastic supply
Is a BMW an elastic or inelastic?
elastic
Is salt an elastic or inelastic product?
Inelastic
How do you determine if a collision was elastic inelastic or perfectly inelastic?
just check momentum before and after and if they're the same then elastic if not then inelastic.
Difference between elastic and inelastic demand?
difference between elastic and inelastic demand
A price cut will increase the revenue a firm receives if the demand for its product is?
Either elastic or inelastic
Is fruit elastic or inelastic demand?
elastic
What is the difference between elastic and inelastic?
Elastic goods usually have many substitutes, so changes in price will decrease demand. Inelastic goods, on the other hand, have very few substitutes, so demand isn't generally affected by price change.
If a price change causes the quantity demanded of a good to decrease by 30 percent while total revenue of that good increases by 15 percent is the demand curve elastic or inelastic?
inelastic
