sakotaco9784 sakotaco9784
  • 01-08-2017
  • Business
contestada

If a business decreases the price of its product and the product is elastic what happens to the total revenue of the business

Respuesta :

Etta217
Etta217 Etta217
  • 15-08-2017
The revenue then increases. Decreasing your costs implies you'll gather more income from each buy a client makes. Expecting your volume, normal exchange size, and recurrence remains the same, raising your costs will acquire more income for a similar measure of exertion.
Answer Link

Otras preguntas

Which type of spectrum does the illustration A show? continuous bright line dark line
You bought 15 1 gallon bottles of orange juice and apple juice for school breakfast. The apple juice was on sale for $1.50 per gallon bottle. The orange juice w
it takes a machine 2 minutes and 15 seconds to assembly one chair if the machine runs continuously for 6 hours how many chairs will it produce
Algebra 1, Section 7.09
At one instant of time, a car and a truck are traveling side by side in adjacent lanes of a highway. The car has a greater velocity than the truck has. Does the
16. What is a limiting factor?
Using the distributive property to find the product (y - 4x)(y ^ 2 + 4y + 16) results in a polynomial of the form y ^ 3 + 4y ^ 2 + ay - 4x * y ^ 2 - axy - 64x .
What is the slope of a line that is parrallel to the line y=3/4x+2 ?
Find the missing side length BM. Round your answer to the nearest tenth.
Assume interest rates on 10-year government Treasury Notes (T-Notes) and 10-year Corporate Bonds are as follows: T-Notes = 3.85% AAA = 4.50% A = 4.95% BBB = 5.6