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Solnce55 [7]
1 year ago
14

The total-revenue test for elasticity Multiple Choice applies to the short-run supply curve but not to the long-run supply curve

. does not apply to demand, because price and quantity are inversely related. is equally applicable to both demand and supply. does not apply to supply, because price and total revenue have a positive correlation.
Business
1 answer:
Korvikt [17]1 year ago
4 0

Because price and total revenue always move simultaneously, the total revenue test for elasticity does not apply to supply.

<h3>A total revenue test: what is it?</h3>

A total revenue test calculates the change in total revenue due to a change in a product or service's price in order to estimate the price elasticity of demand.

<h3>What connection does elasticity have with total revenue?</h3>

When demand is elastic (price elasticity > 1), there is a negative relationship between price and total revenue, which means that price increases will result in drops in total revenue. When demand is unit elastic (price elasticity = 1), price changes have no impact on overall revenue.

learn more about total revenue test here <u>brainly.com/question/15842334</u>

#SPJ4

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3 years ago
Which of the following pricing strategies is most likely to lead to long-term financial sustainability?
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Full cost is a pricing strategies which is most likely to lead to long-term financial sustainability

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Full cost: It includes all types of cost which includes fixed cost, the variable cost  which is used to compute the total cost per unit . where, fixed cost is that cost which remains same if production level also increases and, the variable cost is that cost which is changes when production level changes.

Marginal cost: It is the cost that is added when extra goods and services are produced.

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8 0
3 years ago
nuary 1, Campanella Inc. issued $4,000,000, 8% bonds for $3,756,000. The market rate of interest for these bonds is 10%. Interes
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Answer:

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Explanation:

Data provided in the question:

Value Bonds issued = $4,000,000

Amount for which bonds issued = $3,756,000

Thus,

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= $244,000

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Therefore,

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