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

What was an effect of japan's fighting with china in the 1930s?
A triangle has 2 angles that each measure 80°. What kind of triangle is it?
A rectangle has a length of 7 and a width of w. What is an expression for the perimeter
What invention that was made durong the victorian era would be helpful to the people living during that time and why? What did it do? Why was it important? Sinc
Which of these was not a form of national currency in the 1800s?
Why did the Federalists have more support than the Antifederalists? A.)The Federalists wanted a bill of rights to be added to the Constitution. B.)The Federalis
Which amendment ended the policy of charging people a tax before they could vote?
7. True/False: Some invertebrates are also chordates.
HELP!!! Compare and contrast the Articles of Confederation with the U.S. Constitution, showing the strengths and weaknesses of each.
demographics have no effect on social change in society True or False