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thallium81 thallium81
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7 months ago

If market demand is inelastic and supply is subject to severe shifts from season to season, it follows that



▸

price changes are likely to be small.



▸

price changes are likely to be large.



▸

total revenue is likely to be constant over time.



▸

total revenue is likely to be highly volatile.



▸

b and d

Textbook 
Economics

Economics


Edition: 12th
Author:
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tranle311tranle311
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7 months ago
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thallium81 Author
wrote...

7 months ago
Smart ... Thanks!
Brownr40
wrote...

Yesterday
Helped a lot
dedricgard
wrote...

2 hours ago
this is exactly what I needed
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