If a price reduction leads to larger total revenue, demand is
a. perfectly inelastic
b. inelastic
c. unit elastic
d. elastic
e. perfectly elastic
D
Economics
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Leverage refers to
A) the ratio of total assets of a financial institution to total liabilities. B) the ratio of the liabilities of a financial institution to equity capital.. C) the ratio of equity capital of a financial institution to the liabilities. D) the ratio of the debt of a financial institution to liabilities.
Economics
An on-demand movie is an example of a club good
a. True b. False Indicate whether the statement is true or false
Economics