kingsteward7510 kingsteward7510
  • 10-10-2017
  • Business
contestada

Total revenue falls as the price of a good is raised, if the demand for the good is:

Respuesta :

andriansp andriansp
  • 17-10-2017
the answer to this question is Elastic
Elastic goods refers to the type of goods which order could be easily influenced by the price volatility.
When the price of elastic good is raised, the customers will reduce their demand upon that product which lead to total revenue falls.
Answer Link

Otras preguntas

What is the name for the process that causes a species to evolve?
What is post nationalism
A line is a collection of __________.
what methods can reduce the risk of HIV infection through sexual contact A. frequently washing hands. B. having few sexual partners. C. having sex with people
according to the preamble to the bill of rights, what is the purpose of the Bill of Rights?
sophia borrowed $12,109 at 4.5% simple interest for 6 months. How much will the interest amount to? What is the total amount that she will have to pay back at t
What did you find most challenging about mastering volleyball? Why? What did you find easiest about mastering volleyball? Why?
1.Which of the following comparison statement is true about population growth of more developed countries? A.Less developed countries have a higher rate of infa
Chryses requests the return of his daughter and all agree except? a) Agamemnon b) Achilles c) Apollo d) Calchas
Cracking down on dissent during World War I was part of what larger governmental goal in the United States?seizing absolute power for the governmentpreventing d