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Ivenika [448]
3 years ago
6

When ruko, a device used to stream movies at home, increases prices by 48% total revenue decreases by 61%?

Business
1 answer:
Free_Kalibri [48]3 years ago
3 0

Answer: Demand is elastic

Explanation:

Total revenue from the sale of a good is negatively related to the price when demand for the good is elastic and positively related to the price when demand for the good is inelastic.

So, as increase in price by 48% decreases total revenue by 61%, therefore the demand for Ruko, a device used to stream movies at home is elastic.

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3 years ago
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5 0
3 years ago
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3 years ago
The financial statements of the Pharoah Company report net sales of $372000 and accounts receivable of $56400 and $27600 at the
snow_lady [41]

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8 0
3 years ago
Read 2 more answers
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