Register
If you cut your prices by 10 percent and total revenues rise, the price elasticity of demand is a. zero. b. inelastic. c. less than 0.5 in absolute value. d. greater than 1 in absolute value.
178k views
1 vote
If you cut your prices by 10 percent and total revenues rise, the price elasticity of demand is

a.
zero.

b.
inelastic.

c.
less than 0.5 in absolute value.

d.
greater than 1 in absolute value.

User Peter Centellini
by
7.4k points

1 Answer

4 votes

Answer

B. Inelastic

This is because any changes doesn't affect it.

User Sprite
by
7.6k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

8.3m questions

10.9m answers

Other Questions

Who was Adam Smith ? Anybody?
What can turn igneous rock into sediment?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
Link Copied!