Draw a curve that shows the relationship between quantity and total revenue when the demand curve for umbrellas is linear increases.
If demand is elastic (price elasticity > 1), price and total sales are negatively related. In other words, an increase in price leads to a decrease in total sales.
Revenue is the amount of money generated WITHOUT subtracting the costs of business. In economics, the total sales test is a means of determining whether demand is elastic or inelastic. If an increase in price leads to an increase in total sales, demand is said to be inelastic because the increase in price does not significantly affect the quantity demanded.
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Based on the goals of the IS organization that Krysta manages, it can be perceived as a business partner or peer.
<h3>What is a business partner or peer?</h3>
This is a business established by a company to help it achieve its goals by engaging in alternative technological developments that will be beneficial to the parent company.
Krysta is managing an organization that helps her company to strive for more excellence which makes this a business partner.
Find out more on business partners at brainly.com/question/25641198.
Answer:
checking accounts are better for transaction such as paying pills purchases, atm withdraws while saving accounts are better for storing money and earning interest,
Explanation:
In the short-run by a production by a firm, an increase in the variable input results in an increase in the marginal. Hope it helped
