In October 2024
Answer to Question #215936 in Microeconomics for thuỳ đỗ
a price change causes the quantity demanded of a good to decrease by 30 percent, while the total revenue of that good increases by 15 percent. Is the demand curve elastic or inelastic? explain
The demand curve is inelastic. The quantity demanded has decreased and so the price must have risen. If the price of goods rises and total revenue increases, demand must be inelastic.
-
![Help me with my assignment!]()
Who Can Help Me with My Assignment
There are three certainties in this world: Death, Taxes and Homework Assignments. No matter where you study, and no matter…
-
![How to finish assignment]()
How to Finish Assignments When You Can’t
Crunch time is coming, deadlines need to be met, essays need to be submitted, and tests should be studied for.…
-
![Math Exams Study]()
How to Effectively Study for a Math Test
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
#339914 on Dec 2023
Comments
thank you
Leave a comment