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How does a change in price on a linear demand curve affect total revenue?
Jweno
on the linear demand curve, demand is elastic at price above the point of unitary elasticity so a price increase will decrease the total revenue.
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∙ 15y ago
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Where is total revenue maximized along a linear demand curve?
Unit elastic
What are the examples for exceptional demand curve?
Example of a Linear Demand Curve
Does the ceteris paribus assumption affect a demand curve?
It isolates factors and only looks at one cause and effect at a time. This is why the demand curve is a linear equation (straight line). It wouldn't be possible in real life.
Linear demand curve diagram?
A Linear Demand Curve Diagram is a diagram that shows how an object or person is shown from youngest to oldest or tallest to shortest
Along a linear demand curve as the price rises demand becomes more?
elastic
Where is total revenue maximized along a linear demand curve?
Unit elastic
What is linear demand function and it relevant to a firm?
A linear demand function means that any change in the price of the output will have the same effect on the quantity demanded, whatever the price was. It has little relevance to a firm since the demand function is never really linear.
What are the examples for exceptional demand curve?
Example of a Linear Demand Curve
Does the ceteris paribus assumption affect a demand curve?
It isolates factors and only looks at one cause and effect at a time. This is why the demand curve is a linear equation (straight line). It wouldn't be possible in real life.
What is the difference between linear and nonlinear demand functions?
distinguish between linear and non linear demands funcions
Linear demand curve diagram?
A Linear Demand Curve Diagram is a diagram that shows how an object or person is shown from youngest to oldest or tallest to shortest
How can the change in x affect the change in y in a inequality?
The answer depends on the nature of the inequality: whether it is linear, quadratic or has some other functional form.
Along a linear demand curve as the price rises demand becomes more?
elastic
What is difference between slope and the calculation of elasticity for a linear demand curve?
Along a linear demand curve elasticity varies from point to point of the demand curve with respect to different price, but slope is constant
Can the rate of change be linear or nonlinear?
Yes, the rate of change can be linear or non-linear.
Is price elasticity constant along demand curves?
explain why the price elasticity of demand varies along a demand curve, even if the demand curve is linear.
Why demand curve is convex?
Convex function on an open set has no more than one minimum. In demand it shows the elasticity is linear after some point and non linear on other points.
