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Home Q & A Board Other Fields Homework Help Business Economics
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insherro insherro
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7 years ago
Assume that, for a particular demand curve, when price rises from $50 to $60, total revenue falls from $8,750 to $7800.
a. Based on this information, what is the quantity demanded at each price.
b. Without calculating the coefficient of elasticity, is demand over this range elastic or inelastic? How do you know?
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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toogootoogoo
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7 years ago
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#2
4 years ago
thank you!!!
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#3
3 years ago
Good answer
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