sakotaco9784 sakotaco9784
  • 01-08-2017
  • Business
contestada

If a business decreases the price of its product and the product is elastic what happens to the total revenue of the business

Respuesta :

Etta217
Etta217 Etta217
  • 15-08-2017
The revenue then increases. Decreasing your costs implies you'll gather more income from each buy a client makes. Expecting your volume, normal exchange size, and recurrence remains the same, raising your costs will acquire more income for a similar measure of exertion.
Answer Link

Otras preguntas

which scenario is the best example of a frame narrative ?
Lately, it was discovered that people who carry the sickle-cell trait heterozygously are resistant to malaria. How could biotechnology best use this infomation
Explain some differences between traditional ( old ) and modern ( new ) farming methods
According to the cladogram, which organisms are the closest relatives to the spider?
how many degrees is in a circle
Which of these is a uncontrollable risk factor for disease A. Poverty B. Insect bites C. Sexual behavior D. Hygiene
Why is the tree of life considered a work in progress
Your friends have invited you to go out with them and participate in an activity you are not sure about. The Bible doesn't give positive or negative commands co
The flappers of the 1920s showed
Volume is an unreliable measurement because A. food expands or contracts in different temperatures. B. gas weighs less than liquid. C. there's no sta