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GrogVix [38]
4 years ago
8

If the demand for textbooks is inelastic, then a decrease in the price of textbooks will

Business
1 answer:
Dmitrij [34]4 years ago
5 0

Answer:

decrease total revenue of textbook sellers. 

Explanation:

Demand is inelastic if a change in price has a very little effect on the quantity demanded.

If price is reduced, the quantity demanded of textbooks would change by a little amount, so total revenue would fall due to a reduction in the price of textbooks.

Total revenue = price × quantity

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The country of origin effect occurs when the location of a product changed into manufactured affecting how clients understand the product.

The country of origin is the country of manufacture, production, or growth where an article or product comes from. The united states' beginning is u. s. a . you come back from. In fashionable, it's far from the united states of nationality. For a few expatriates who accumulate another nationality, their united states of beginning might be that of their “1st” nationality. country of beginning impact (COE) can be described as any impact that the country of manufacture, meeting or design has on a purchaser's tremendous or bad perception of a product.

In the country of origin, the beginning is of manufacture, manufacturing, or growth from which a piece of writing or product comes from. us of an origin is not to be stressed with wherein the product became shipped from as this will no longer be similar to wherein it become in the beginning produced. u. s. a . of the foundation is vital for clients with ethnocentric notion structures and lots of customers select merchandise from advanced international locations. The united states starting place is used as an external sign for purchasers in evaluating the first-class of the product.

Normally talking, the Country of origin is the USA of manufacture, production, or increase in which a piece of writing or product comes from. u. s. a . of starting place isn't to be stressed within which the product changed into shipped from as this can no longer be the same as wherein it turned into at the start produced. The authority's e-market (GeM) portal, that's utilized by government departments for public procurement, has additionally made it obligatory for dealers to publish the USA of starting place whilst registering new products.

Learn more about your country of origin here

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