A persent increase in the price of a good results in a percent increase in total revenue . from this information , it can be concluded that the demand over this range of prices a has increased by 14 % b is inelastic c is upward sloping d has price elasticity of demand equals to 2.5

A persent increase in the price of a good results in a percent increase in total revenue . from this information , it can be concluded that the demand over this range of prices a has increased by 14 % b is inelastic c is upward sloping d has price elasticity of demand equals to 2.5

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 6SQ: If a decrease in the price of movie tickets increases the total revenue of movie theaters, this is...

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A persent increase in the price of a good results in a percent increase in total revenue . from this information , it can be concluded that the demand over this range of prices

a has increased by 14 %

b is inelastic

c is upward sloping

d has price elasticity of demand equals to 2.5

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