Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for the good must be:

a. unit elastic.

b. inelastic.

c. elastic.

d. None of the choices apply,

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M91422331

Have any Question?


Related Questions in Business Economics

Summary SUMMARY

SUMMARY 1                                                                                      Regression Statistics                                                                          Multiple R                     ...

For a population of individuals that has a standard

For a population of individuals that has a standard deviation of 10, what is the standard error of the mean for samples of size (a) 2, (b) 3, (c) 4, (d) 5, (e) 10, (f) 20, (g) 100?

Ever wonder why a survey of the american population often

Ever wonder why a survey of the American population often has what seems like a very small sample size? 2000 people can tell us what the American population is thinking about. We have formulas to calculate an appropriate ...

What is monetary approach in neoclassical economic theory

What is monetary approach in Neoclassical Economic Theory? How is poverty defined under the monetary approach? What are the two main reasons that cause poverty under Neoclassical Economic Theory? Briefly describe each on ...

Loan applicants whose credit score is less than 600 default

Loan applicants, whose credit score is less than 600, default on a loan, either in a minor or major way, about 10% of the time in a certain regional market. A random sample of 8 applicants in this market with credit scor ...

Betsy ross owns 921 shares in the hanson fabrics company

Betsy Ross owns 921 shares in the Hanson Fabrics Company. There are 16 directors to be elected, and 32,500 shares outstanding. The firm has adopted cumulative voting.  a. How many total votes can be cast? (Do not round i ...

In the late 1800s the us dollar was on a bi-metallic

In the late 1800s, the U.S. Dollar was on a bi-metallic standard. According to the official standard, one ounce of gold was worth 16 ounces of silver. However, on a free market the trading ratio of silver to gold was aro ...

What are the main things to remember about elasticity

What are the main things to remember about elasticity, supply and demand, tax incidence, government controls on the market, and economic theories?

A small factory produces two types of toys trucks and

A small factory produces two types of toys: trucks and bicycles. In the manufacturing process two machines are used: the piece maker and the assembler. It takes 2 hours to make the pieces of the bicycles and 1 hour for t ...

Suppose that there is a prize ceremony awarding prizes to

Suppose that there is a prize ceremony awarding prizes to 10 ?nalists. Each ?nalist is going to get exactly one prize, but assume that each has an equal probability of receiving any given prize. The grand prize is $5000, ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As