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3 years ago

If a firm raised its pricea and discovered that its toatl revenue fell, then the demand for its product is:______.

Business

1 answer:

Mila [183]3 years ago

5 0

Answer:

Option d (Relatively elastic) would be the correct solution.

Explanation:

The demand for some of its commodities becomes relatively elastic, i.e. the price drop contributed to a large decrease or change in the number requested, thus lowering the overall sales.
It could be contrasted to other options for elasticity-comparatively inelastic, completely inelastic, perfectly elastic even elastic units.

All 3 other options are not connected to the hypothetical offered. So, the option here was the best one.

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The lawyer should make a motion for summary judgment.

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4 years ago

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Answer:

$15,266

Explanation:

Sales $46,382

Less: Cost of goods sold $16,659

Gross profit $29,723

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3 years ago

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Answer:

The answer is letter C

Explanation:

The quantity of goods or services that can be produced by one hour of work

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