If demand is elastic, a price reduction will lead to an increase in total revenue.
Answer the following statement true (T) or false (F)
True
If demand is elastic, a decrease in price will cause a larger increase in quantity demanded. Consumers respond in a big way to sales if demand is elastic, increasing revenues for sellers.
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In the new classical model, an anticipated increase in the money stock would cause
a. the price level and level of real output to rise. b. the price level to rise with no effect on real output. c. real output to rise with no effect on the price level. d. no change in the price level or level of real output.
Business practices affected by the Clayton Act fall into each of these categories except which one?
A) price fixing B) conditional sales C) mergers D) price discrimination
A downward movement along the investment demand curve would be caused by a(n):
a. increase in the expected rate of return on investment caused by an increase in business confidence. b. decrease in the expected rate of return on investment caused by a decrease in business confidence. c. increase in the rate of interest. d. decrease in the rate of interest.
The ______________ rate of unemployment includes frictional and structural unemployment.
a. natural b. complete c. future d. framed