--%>
Assignment Help - homework help

Total sales revenues and price elasticity of demand

If the price falls, there total sales revenues rise, in that case the price elasticity of demand: (1) relatively elastic. (2) relatively inelastic. (3) unitary elastic. (4) zero elastic. (5) inflexibly marginal.

How can I solve my economics problem? Please suggest me the correct answer.

   Related Questions in Microeconomics

  • Q : Problem of what to produce Describe the

    Describe the problem of What to produce?

    		•
  • Q : Concept of Production Possibilities

    The Production possibilities frontiers describe the concepts of: (1) A trade-off between inflation and unemployment. (2) Positive economics versus the normative economics. (3) Scarcity, opportunity costs, and reducing returns. (4) Absolute advantages

    		•
  • Q : Price elasticity and market power The

    The price elasticity of demand equals one when this firm produces where total revenue is: (i) $72,000 per period. (ii) $80,000 per period. (iii) $96,000 per period. (iv) $100,000 per period. (v) $144,000 per period.

    Q : Constant cost industry with no barriers

    When consumers eventually cannot distinguish one roasted chicken dinner from other, while roasted chicken dinners are produced into a constant cost industry, and when no barriers to entry or exit exist, so this firm’s lo

    		•
  • Q : Market demand function The market  for

    The market  for good X consists  of 2 consumers. consumer  1',s demand  for good X is: X1 :  15 - 3Px + 0.5PY + .02I1I1 and I2 a

    		•
  • Q : Surety of good market information for

    The assumption about buyers and sellers has good market information makes sure that they: (w) know everything. (x) never make errors. (y) can foretell the future. (z) won’t pay more than they have to, or sell for less than the market price.

    		•
  • Q : Variation in price elasticity as price

    The only supply curve which has price elasticity which varies as the price of output increases is within: (w) Panel A. (x) Panel B. (y) Panel C. (z) Panel D.

    Q : Changes in dollar receipts from sales

    The change within a firm’s dollar receipts from sales when this produces and sells one additional unit of output is termed as: (w) price. (x) marginal revenue. (y) average revenue. (z) contribution to overhead. Can anybody su

    		•
  • Q : Resources to escape state of destitution

    When an individual or family lacks adequate resources to escape a state of destitution, their circumstances are described as: (1) involuntary poverty. (2) relative poverty. (3) a vicious cycle of poverty (4) institutional poverty. (5) a culture of pov

    		•
  • Q : Elastic Demand for Labor At existing

    At existing wages the LEAST elastic demand for the labor is most likely faced by: (i) Unskilled harvest workers. (ii) Garment workers. (iii) Assembly line workers. (iv) Dentists. Can someone please help me in findi

    		•