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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

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According to Joseph Schumpeter, the stage that is described above is the Recovery stage.

<h3>What happens in the recovery stage?</h3>
  • The country begins to recover from the negative economic conditions of the depression.
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In the recovery stage, economic activity will start to rise as there will be more production of goods and services.

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In conclusion, this is the recovery stage.  

Find out more on the recovery stage at brainly.com/question/3951038.

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2 years ago
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3 years ago
VWhat is a commodity? A. Something that producers are unable to sell to consumers B. A resource that is available in unlimited q
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If a firm has an incentive to increase supply now and decrease supply in the future, then the firm expects that the
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<span>If a firm has an incentive to increase supply now and decrease supply in the future, then the firm expects that the prices for the firm's product will be lower than the prices that have been set in the present. In the present case as the supply is increased, the prices are higher as the demand is higher. Then at later point of time when the supply is decreased, then demand also decreased, then the prices are likely to come down.</span>
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3 years ago
Nell, a member of a protected class, applies for a job with Origami Paper Corporation, but fails the company's employment test a
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Answer:

<em>Disparate-impact discrimination</em>

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3 years ago
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