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Title: If demand is unit-elastic throughout the demand curve, then total revenues are Post by: zmudasam on Mar 3, 2019 Question 1. Total revenues reach a maximum when• demand is elastic. • demand is unit-elastic. • demand is inelastic. • price elasticity is at a minimum. Question 2. If demand is unit-elastic throughout the demand curve, then total revenues are• maximized at the midpoint of the demand curve. • lower the higher the price. • greater the higher the price. • the same for any price the firm charges. Title: If demand is unit-elastic throughout the demand curve, then total revenues are Post by: jesika1122 on Mar 3, 2019 Content hidden
Title: If demand is unit-elastic throughout the demand curve, then total revenues are Post by: zmudasam on Mar 3, 2019 Good timing, thanks!
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