Unitarily price elastic while small changes in price

When small raises or decreases within the price of generic bananas do not influence the total sales revenue from bananas, in that case the market demand for generic bananas is: (i) perfectly price elastic. (ii) perfectly price inelastic. (iii) relatively price elastic. (iv) relatively price inelastic. (v) unitarily price elastic.

Hello guys I want your advice. Please recommend some views for above Economics problems.

View Complete Question

Related Questions in Microeconomics

Q : Labor Unions and Employment job

The labor union will not get better its member’s job prospects through: (i) Raising the worker productivity through apprenticeship. (ii) Restricting entry through quotas or high initiation fees. (iii) Lobbying for the tariffs on competing foreign goods. (iv) Col

Q : Problem onto Saving and Spending Money

The owners of a construction company would not be saving when they collected a big check after finishing a project and after that bought: (w) a long term certificate of deposit at their local bank. (x) stock in a newly-formed corporation. (y) a corporate jet for use o

Q : Problem of How to Produce Describe the

Describe the problem of How to Produce? Answer: This refers to the choice of techniques of production of services and goods and whether labor intensive or capital i

Q : Reduce total revenue when demand is

Boosting the price for Pixie’s cheesy fried grits by P2 to P3 will: (w) increases total revenue since demand within inelastic. (x) increase total revenue since demand is elastic. (y) reduce total revenue since demand is inelastic. (z) reduce total revenue since demand

Q : Interest rate in Determinants of Demand

The demand curves for most of the nondurable consumer goods would be least influenced by modifications in: (i) Interest rates. (ii) House-hold income. (iii) Prices for related goods. (iv) Tastes and preferences. Ca

Q : Natural monopolies closely regulated by

Inside the United States, public utilities like natural gas lines or electric companies are frequently: (w) quite competitive while they vie for the consumer's dollars. (x) natural monopolies which are closely regulated by government. (y) seldom closely regulated thro

Q : Principal-Agent Problems Which of the

Which of the following is not an illustration of the principal-agent problem? (1) The real estate agent vends your house for less than you settled to. (2) The salespeople of the luggage company book first class seats whenever traveling out of town and write off the ex

Q : Problem on Horizontal Mergers Can

Can someone please help me in finding out the accurate answer from the following question. Which of the given below is not an illustration of horizontal integration? (1) Prudential Insurance gets Metropolitan Life Insurance. (2) Daimler-Benz absorbs Chrysler. (3) McDo

Q : Unlimited amount at any market price A

A monopoly firm which does not price discriminate does NOT: (w) have a marginal revenue curve which lies below its demand curve. (x) confront a downward-sloping demand curve. (y) have discretion over the price of its output. (z) sell

Q : Define regressive in taxes as

Line T2 depicts as in below graph a tax system which is: (i) progressive. (ii) recessive. (iii) proportional. (iv) biased. (v) regressive.

Discover Q & A

Leading Solution Library

Avail More Than 1450211 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1926954
Asked

3,689

Active Tutors

1450211

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment