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 : Market shifting while supply fallen and

Specified the shifts demonstrated in the market for peanuts, there is the: (1) price will fall.(2) quantity of output will rise slightly. (3) supply has fallen while demand has grown. (4) main adjustment happens in the quantity exchanged. (5) va

Q : Relative value of additional unit of a

In equilibrium, the relative value of an additional unit of a good to a specified consumer is approximately proportional to the: (w) marginal revenue to the firm that sold the good. (x) marginal production cost of the good. (y) relative market price of the good. (z) a

Q : Individual demand and market demand

Individual demand and market demand schedules: Individual demand schedule states the quantities required by an individual consumer at various prices.

Q : Model of production possibilities

Can someone help me in determining the right answer from the given options. The production possibilities frontier model can be employed to describe: (1) The scarcity. (2) Full employment, efficiency and limited resources. (3) The opportunity costs and

Q : Words of Joseph A. Schumpeter about

Joseph A. Schumpeter popularized and refined the concept that profits: (i) ultimately derive primarily from innovation. (ii) are necessary compensation to entrepreneurs for bearing uncertainty. (iii) are reduced by bureaucratic inefficiencies in firms

Q : Monopolistically competition A

A monopolistically competitive firm: (w) confronts a perfectly elastic demand curve. (x) is a price taker. (y) faces stiff competition from many competitors producing close substitutes for its product. (z) consciously considers potential responses by

Q : Define primary deficit Primary deficit

Primary deficit: Primary deficit is the difference among fiscal deficit and interest payments prepared by the government Primary deficit = Fiscal deficit – Interest payments

Q : Causes of Increase in demand Describe

Describe the causes of Increase in demand?Answer: 1) Increase in income of the consumer.2) Price of substitute goods increase.3)

Q : Business strategies in market Assume

Assume that technological advances considerably lower costs for Honda. Hence which of the given statements is true: (w) when Honda lowers prices, rivals will rightfully accuse the firm of predatory pricing (x) when Honda raises prices, rivals will rightfully accuse th

Q : Determine price elasticity of demand

Moving from point b to point c beside demand curve D, in that case the price elasticity of demand for video games upon DVDs equivalent: (1) 0.8. (2) one. (3) 1.10. (4) 1.25. (5) 2.50

Discover Q & A

Leading Solution Library

Avail More Than 1455415 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1943689
Asked

3,689

Active Tutors

1455415

Questions
Answered

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

Submit Assignment