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Sav [38]
2 years ago
7

Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for

the good must be?
Business
1 answer:
ArbitrLikvidat [17]2 years ago
4 0

Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for the good must be elastic.

<h3>What is total revenue?</h3>
  • Total revenue is the total amount of money a seller can earn from offering clients goods or services.
  • The formula for this is PQ, or the purchase price times the quantity of the products sold.
  • A calculation or equation that describes how certain sources of revenue will behave on a graph.
  • The sum a corporation or business owner earns for the goods or services they sell during a given time period is known as total revenue.
  • The formula for total revenue assists business owners in determining whether to raise prices or provide a discount on their products.

Learn more about total revenue here:

brainly.com/question/13000391

#SPJ4

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Explanation:

Tax incidence is an economic term for the division of a tax burden between buyers and sellers. Tax incidence is related to the price elasticity of supply and demand. When supply is more elastic than demand, the tax burden falls on the buyers. If demand is more elastic than supply, producers will bear the cost of the tax.

3 0
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6 0
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Read each of the four activities and put them in their proper sequence. Be advised that the action listed is not the only action
Phantasy [73]

Answer:

Step     Activities

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3.         Negotiate the lowest price by getting bids from at least three dealers and hold firm to your target price when selecting the source of your car.

4.        Change the oil, rotate the tires, and replace the windshield wipers as needed.

Explanation:

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3 0
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bagirrra123 [75]

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The answer is A.

Explanation:

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