N false false false en-us x-none x-none , Ask an Expert

Economics

Assume a change in price causes the price elasticity of demand for a good (in absolute value) and marginal revenue to decrease. In this case we can conclude that the price of the good was:

A. Decreased

B. Increased

C. Held constant

D. Cannot be determined

View complete question

Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91229020

Have any Question?Write your Review or question?

Related Questions in Microeconomics

Question joe buys a buick to keep it simple ignore the

Question: Joe buys a Buick. To keep it simple, ignore the sales tax. In all cases the cash price of the new car is $25,000. Show how components of consumption and investment are affected if Joe: (A) Pays cash. (B) Pays c ...

Case 2-3 starnes-brenner machine tool company to bribe or

CASE 2-3: Starnes-Brenner Machine Tool Company: To Bribe or Not to Bribe? The Starnes-Brenner Machine Tool Company of Iowa City, Iowa, has a small one-man sales offi ce headed by Frank Rothe in Latino, a major Latin Amer ...

Question say that the interest rate is 8 if you invest 200

Question: Say that the interest rate is 8%. If you invest $200 today and then another $300 in exactly one year, what is the total future value of these investments two years from today? The response must be typed, single ...

Question what is the peter principle why does it occur and

Question: What is the Peter Principle? Why does it occur and what are some of the consequences? What are some ways to avoid these undesirable outcomes (hint, in class we had three methods to resolve problems internal to ...

Question how does having effective performance

Question: How does having effective performance methodologies allow a firm to adequately measure economic performance? What is the role of an effective transfer pricing methodology in allowing effective performance measu ...

Question - please recall one example from your life where

Question - Please recall one example from your life where you bought a product that you did not really need and you regretted after the purchase. What motivated you to buy the product? Why did you regret? Your discussion ...

Question in another economy consumer 1 has no x and 8 units

Question: In another economy consumer 1 has no x and 8 units of y and the utility fucntion U(x,y) = x - (1/4)y 2 . Consumer 2 has 16 units of x and 8 units of y and the utility function U(x,y) = x +2y (1/2) . Describe th ...

Question suppose that demand for rollerblades is given by

Question: Suppose that demand for rollerblades is given by D(p) = A - p. The cost function for all firms is C(y) = wy2 + f , where f is a fixed set-up cost. The marginal cost of production is MC(y) = 2wy. Assume that the ...

Quesiton consider the following economyplease follow

Quesiton: Consider the following economy: Please follow directions and label answers e & f: 1,2, and 3 C = 1200 + .63 Y I = 1750 - 1500 R NX = 50 -.1 Y - 500 R M = (.1625 Y - 1000 R) P a. If G = 1,200 and M = 800, calcul ...

Question when a student or employee comes to class or work

Question: When a student (or employee) comes to class (or work) sick, they impose a negative externality on their classmates (or coworkers). a. Explain how there are negative externalities here. b. Come up with another b ...

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

Recent Questions

Ask Microeconomics Expert