Fill in the blanksa when demand is elastic theeffect, Ask an Expert

Economics

Fill in the blanks:

a. When demand is elastic, the____________effect dominates the_________effect.

b. When demand is inelastic, the___________effect dominates the_____________effect.

c. When demand is unitary elastic,________effect dominates.

d. When a change in price causes a change in quantity demanded, total revenue always moves in the________direction as the variable (P or Q) having the__________ effect.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91725504

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