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Title: An elastic response in the quantity of a good demanded would be caused by Post by: shaerovira on Mar 3, 2019 Question 1. If the price of a good increases and the total revenue remains the same, the demand for the good is• unit elastic. • inelastic. • elastic. • perfectly elastic. Question 2. An elastic response in the quantity of a good demanded would be caused by• the good representing a small portion of a person's budget. • the availability of many substitutes. • a lack of sensitivity to the good's price. • a lack of substitutes. Title: An elastic response in the quantity of a good demanded would be caused by Post by: jackjohnson74 on Mar 3, 2019 Content hidden
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