sakotaco9784 sakotaco9784
  • 01-08-2017
  • Business
contestada

If a business decreases the price of its product and the product is elastic what happens to the total revenue of the business

Respuesta :

Etta217
Etta217 Etta217
  • 15-08-2017
The revenue then increases. Decreasing your costs implies you'll gather more income from each buy a client makes. Expecting your volume, normal exchange size, and recurrence remains the same, raising your costs will acquire more income for a similar measure of exertion.
Answer Link

Otras preguntas

Will give brainliest!
The Constitution was mandated to be ratified by the people in "special ratifying conventions” in the states, instead of by each state legislature. What weakness
Felipe biked 54 kilometers on Sunday. How many miles is this?
Jim charges a $25 sign up fee and $15 a month to be in his club. How would it cost to be in the club for 1 year?
0.2 divided by 32.4
_____ has recommended ethics regulations to accompany the new genome advances. O GINA Human Genome Project Genetic counseling O ELSI Green Alliance
A agent of receive the 10 percent commission on selling price of house, if the selling price of a house B 10000000 find the actual price of a house after commis
When considering your financial situation, you should consider ——— A. Long-term goals B. Short-term goals C. Medium-term goals D. All of the above
A CLOSER LOOK AT Compound Inequalities We previously learned that compound inequalities are two inequalities joined by the word "or" or "and". Sometimes you rea
The cool ocean breeze cooled my face What is the simple subject