Andiyyyyy Andiyyyyy
  • 11-06-2022
  • Social Studies
contestada

What effect does price elastic demand have on a producer should the price of a product increase?

Respuesta :

Jhajj44 Jhajj44
  • 12-06-2022
If demand is elastic at a given price level, then should a company cut its price, the percentage drop in price will result in an even larger percentage increase in the quantity sold—thus raising total revenue.
Answer Link

Otras preguntas

Please help thanks!!!
2. How does inflation affect the economy?​
On the map, Winton ,California is located at(“ (2,10.5) in Lake Tahoe is located at (14,16). Each unit on the map equals 16.5 miles what is the approximate dist
how does the pollination of most trees and grasses differ from the pollination of flowers? pls be quick​
Which of the following best describes the use of population models in biology? (SC.7.N.3.1 O They are generally easy to construct. O They can represent reality
what are the elements of a landscape​
A rectangle has an area of 1008 square feet. Its width is six feet less than twice the length. Find the measures of the length and width of the rectangle.
Based on the data, which of the following most accurately matches a potential change with its predicted effects on the southern Florida ecosystem? A) Introduct
$4,500,000 is what percent of $5,000,000?
a black chicken and a white chicken are crossed. what is the probability of.