--%>

High demand facing relatively inelasticity

Total revenue for Macho Man fake mustaches increased after the price raised from $15 to $17, showing that demand faced throguh Macho Man was: (i) relatively elastic. (ii) relatively inelastic. (iii) unitarily elastic. (iv) perfectly elastic. (v) perfectly inelastic.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Microeconomics

  • Q : Competitive equilibration processes

    When a purely competitive industry is within long-run equilibrium and consumer demand then raises, the short-run industry quantity supplied and equilibrium price would tend to: (w) fall. (x) rise. (y) remain similar. (z) swing up and

  • Q : Program of Craft Unions The union based

    The union based just on workers with a specific skill, and which usually consists of apprenticeship programs which lead to ‘journeyman’ and then ‘master craftsman’ ratings is a/an: (1) Craft union. (2) Open union. (3) Company union. (4) Exclusi

  • Q : Price elasticity of demands for moving

    Moving from point d to point e beside demand curve D, the price elasticity of demands of DVDs of video games at equal: (a) 0.8. (b) one. (c) 1.10. (d) 1.25. (e) 2.50

    Q : Substitution of goods for buyers Can

    Can someone help me in finding out the right answer from the given options. The market demand curves slope downward as: (i) Supply curves are positively sloped. (ii) Each and every buyer has similar preferences and incomes. (iii) Buyers replace towards goods as their

  • Q : Emerging natural monopoly A monopoly

    A monopoly will come out naturally when: (w) the government relaxes antitrust laws. (x) economies of scale are large relative to market demand. (y) variable costs are huge relative to fixed costs. (z) variable costs rise as output expands.

  • Q : Output level of profit maximizing of

    The profit maximizing competitive firm in illustrated graph will: (i) produce output level q5. (ii) minimize total costs by producing output level q3. (iii) experience fixed costs equal to 0P3fq4. (iv) produce output level q4. (v) inevitably experienc

  • Q : Explain the term Realized Yield Explain

    Explain the term Realized Yield? Also write some points on it.

  • Q : Relatively price elastic demand for

    When demand for a consumer good is relatively price elastic, in that case: (i) total spending will decline when the price rises. (ii) the demand curve is vertical. (iii) the price of the good is determined through supply alone. (iv) the quantity respo

  • Q : Monopoly a monopolist has two plants

    a monopolist has two plants with two different cost functions.given output for one plantis given how do calculate output for the other plant?

  • Q : Price discrimination in markets Price

    Price discrimination is probably in markets: (w) for medical services. (x) for wheat sold by farmers. (y) for bread sold by grocers. (z) where all consumers have identical demand curves. Can anybody suggest me the