An increase in price will result in no change in total revenue if:
A) the percentage change in price is large enough to cause quantity demanded to fall to zero.
B) the coefficient of elasticity is equal to zero.
C) the percentage change in quantity demanded is equal to the percentage change in price (in absolute values).
D) the demand function is perfectly elastic.
C
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Explain how the "euro crisis" could potentially affect the following:
1.Exports from the United States 2. Supply chains of U.S. manufacturers. 3. U.S. banks
The ________ the defendant's assessment of the expected payment to the ________, the ________ likely the case will be settled.
A) larger; plaintiff; less B) larger; plaintiff; more C) smaller; judge; more D) smaller; judge; less
When an exchange rate is established as a fixed peg, active intervention may be required to maintain the target-pegged rate
a. True b. False Indicate whether the statement is true or false
If the sacrifice ratio is 3, then reducing the inflation rate from 5 percent to 3 percent would require sacrificing
a. 2 percent of annual output. b. 6 percent of annual output. c. 8 percent of annual output. d. 11 percent of annual output.