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ExtremeBDS [4]
3 years ago
7

Which of the following statements is true?

Business
2 answers:
pychu [463]3 years ago
7 0

Answer: Option A

Explanation: In simple words, when the demand for a commodity did not change as per the change in its price , then such commodity is said to have inelastic demand.

In the first option the price of the good is decreased, then her demand should have decreased resulting in decrease or no change in revenue. Although it resulted in increase in revenue.

Hence from the above we can conclude that the correct option is A.

qwelly [4]3 years ago
4 0

Answer:

If the price of a good is raised and total revenue does not change, demand is perfectly elastic ( D )

Explanation:

An elastic demand is a type of demand for a good or service that changes with changes in price of goods and services and also with changes in purchasing power of the customer while an inelastic demand is a type of demand for gods and services that is constant regardless of changes in prices and purchasing power of the customer.

if the price of a good is raised and the total revenue ( purchasing power ) does not change demand will definitely change ( perfectly elastic )

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4 years ago
) Saffron Foods sells jars of special spices used in Spanish cooking. The variable cost is $2 per unit. Fixed costs are $9,000,0
olga nikolaevna [1]

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C. $4.20

Explanation:

The computation is shown below:

Before that we need to do following calculations

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= $19,000,000

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6 0
3 years ago
The LMC Partnership has 3 partners and is concerned about what would happen to their $300,000 business if one of the partners sh
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$50,000

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