Social Studies, 03.07.2019 20:00, klanderos890

If an increase in price caused no charge in total revenue, what type of demand would the

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Business, 03.07.2019 16:50, kaiya789

One of the growers is excited by the price increase caused by the blight because she believes it will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market.using the midpoint method, the price elasticity of demand for soybeans between the prices of $15 and $21 per bushel is , which means demand is between these two points. therefore, you would tell the grower that her claim is , because total revenue will as a result of the blight.

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Business, 31.07.2019 18:20, AdoNice

One of the growers is excited by the price increase caused by the blight because he believes it will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for apples between the prices of $15 and $18 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is , because total revenue will as a result of the blight.ç

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Business, 23.09.2019 16:10, khloenm309

You are the manager of the public transit system. you are informed that the system faces a deficit, but you cannot cut service, which means you cannot cut costs. your only hope is to increase revenue by increasing fares. you are advised that the estimated price elasticity of demand for the first few months after a price change is about −0.3. select the statement that best describes the results of raising the fare in the short run.a. total revenue falls, since demand changes and becomes price inelastic. b. total revenue will rise incrementally as the demand fuctuates and price moves back and forth between being elastic and inelastic. c. total revenue rises immedately after the fare increase, since demand over the immediate period is price inelastic.

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Business, 24.10.2019 23:43, natetheman7740

You are the manager of the public transit system. you are informed that the system faces a deficit, but you cannot cut service, which means you cannot cut costs. your only hope is to increase revenue by increasing fares. you are advised that the estimated price elasticity of demand, several years after the price change, will be about −1.5. select the statement that best describes the results of raising the fare in the long run. a. total revenue rises immediately, since demand will remain price inelastic.b. total revenue will fluctuate as the demand fluctuates.c.total revenue falls, since demand changes and becomes price elastic.

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