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Home Q & A Board Other Fields Homework Help Business Economics
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chomtong chomtong
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7 years ago
At a price of $20, a store can sell 24 picture frames a day. At a price of $18 the store can sell 33 picture frames a day. Since total revenue ________ by the price decrease, demand must be ________.
A) is decreased; elastic
B) is increased; unit elastic
C) is increased; elastic
D) is increased; inelastic
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DeToXiFYDeToXiFY
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#1
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7 years ago
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chomtong Author
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7 years ago
Thanks
jbarnett14
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Yesterday
Correct Slight Smile TY
mkyoungs
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2 hours ago
Good timing, thanks!
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