1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
melisa1 [442]
3 years ago
9

4. Problems and Applications Q4 A price change causes the quantity demanded of a good to increase by 12%, while the total revenu

e of that good decreases by 16%. True or False: The demand curve is elastic in this region. True False
Business
1 answer:
Klio2033 [76]3 years ago
6 0

Answer:

False

Explanation:

Demand is inelastic

Demand is inelastic if a change in price has little or no effect on quantity demanded. The coefficient of elasticity is less than one because the percentage change in price is greater than the percentage change in quantity demanded

If demand is inelastic and prices fall, the quantity demanded would rise. But the rise in quantity demanded is less than the price reduction. Therefore, total revenue would fall.

I hope my answer helps you

You might be interested in
Exceptionally large harvests of wheat or corn often result in farmers having lower total incomes for that season despite the inc
DedPeter [7]

Answer:

A. The demand of wheat and corn is basically inelastic and so increases in output drastically reduce price and income to the farmers.

Explanation:

Inelastic demand means the change in price does not affect the purchasers' buying power. The difference in price has relatively little effect on the quantity demanded.  Since the demand for wheat is inelastic, price and income will reduce irrespective of increasing production. Therefore, harvesting massive production (wheat or corn) does not bring a high income.

3 0
3 years ago
Please complete the following sentence from our reading: This brings us to the second reason mass media models are persuasive: T
Rina8888 [55]

Answer:

Desired and welcomed in various social situations

Explanation:

Mass media reaches the large audiences, whether it is internet, television or radio. The influence on everyday life is therefore very strong, whether it is the way we vote, our individual views and believes or shaping of our knowledge about certain topic based on true or false information.

7 0
3 years ago
Where can tourist obtain travel vaccinations​
baherus [9]
It would depend on what country you’re currently in.

https://wwwnc.cdc.gov/travel/page/travel-vaccines

Whenever I had to travel abroad, I’d go to a passport health Center.
5 0
2 years ago
Why would deca, an international association of marketing students, be classified as a nonprofit organization?
Amiraneli [1.4K]
<span>It functions like a business but uses the money it makes to fund the cause identified in its charter. The student organization does not make any profits on their activities and instead donates them to charity.</span>
5 0
3 years ago
What is money used by a business for a certain venture or initiative
Dennis_Churaev [7]

A business will employ seed capital to fund a specific project or activity. It is the capital raised to start working on a new product or business idea.

<h3>What kind of capital is invested in a business?</h3>

The money a company has on hand to cover both its ongoing expenses and potential future expansion is known as capital. Working capital, debt, equity, and trade capital are the four main types of financial resources.

<h3>What kind of business venture capital is that?</h3>

Venture Capital (VC) is a term used to describe funding given by investors to start-up or small businesses that have a high potential for growth. A venture capital fund is a type of private equity funded by institutional and private investors, including investment banks, insurance providers, and pension funds.

To know more about seed capital visit:-

brainly.com/question/10110060

#SPJ1

7 0
1 year ago
Other questions:
  • A company, Blue Marbles, who has a presence on Interwebs has become actively involved in political campaigns and uses their prof
    7·1 answer
  • What companies are affected badly by corona?
    14·1 answer
  • What are the two most important variables for determining resource allocation?
    5·1 answer
  • Honest tea considers themselves a​ mission-driven business. they have decided that it is important to understand the communities
    9·1 answer
  • After enrolling in Medicare and purchasing a supplement, Rachel withdrew $2,000 from her HSA. She used $600 to pay her Medicare
    14·1 answer
  • Who is commonly attributed for discovering the law of effect
    12·2 answers
  • A company manufacturing shirts for a department store decides to create a new style of cotton shirt. The company would most like
    15·1 answer
  • 1. Alexander lives in an apartment building and gets a $250 benefit from playing his stereo. Mary, who lives next door to Alexan
    7·1 answer
  • SWH Corporation issued bonds on January 1, 2004. The bonds had a coupon rate of 5.5%, with interest paid semiannually. The face
    5·1 answer
  • Cost of Goods Sold, Cost of Goods Manufactured Glenville Company has the following information for April: Cost of direct materia
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!