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If the total revenue received by a firm does not change when it raises its price, this indicates that the demand for the firm's product is: A. unstable. B. price inelastic. C. price elastic. D. unit price elastic
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Updated 94 days ago|3/27/2016 10:58:41 PM
1 Answer/Comment
If the total revenue received by a firm does not change when it raises its price, this indicates that the demand for the firm's product is: price inelastic.
Added 94 days ago|3/27/2016 10:58:41 PM
This answer has been confirmed as correct, not copied, and helpful.
Confirmed by Andrew. [3/27/2016 11:57:11 PM]
Which of the following will lead to a decrease in total revenue? A. price goes up and demand is perfectly inelastic B. price goes up and demand is price inelastic C. price declines and demand is price elastic D. price increases and demand is price elastic User: If total revenue goes up when price falls, the price elasticity of demand is said to be: A. price inelastic. B. unit price elastic. C. price elastic. D. positive. User: Price elasticity ...
Weegy: Price elasticity of demand measures the responsiveness of the change in: A. quantity demanded to a change in price. Click the link for more details: User: The price elasticity of demand is: A. always positive. B. always greater than 1. C. usually equal to 1. D. always negative Weegy: The price elasticity of demand is: C. usually equal to. Click the link for more details: User: If the total revenue received by a firm does not change when it raises its price, this indicates that the demand for the firm's product is: A. unstable. B. price inelastic. C. price elastic. D. unit price elastic Weegy: If the total revenue received by a firm does not change when it raises its price, this indicates that the demand for the firm's product is: B. price inelastic. [ Click the link for more details: ] (More)
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Expert Answered
Asked 7/18/2013 9:31:15 PM
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The ratio of the percentage change in a dependent variable to the percentage change in an independent variable, all other things unchanged, is: A. total revenue. B. production possibilities. C. elasticity. D. slope.
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Updated 11/30/2013 7:25:17 PM
1 Answer/Comment
The ratio of the percentage change in a dependent variable to the percentage change in an independent variable, all other things unchanged, is Elasticity.
Added 11/30/2013 7:25:17 PM
This answer has been added to the Weegy Knowledgebase
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