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Sublight2097 Sublight2097
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8 years ago
Sellers who lower their prices and consequently sell a larger quantity earn more
A) gross (or total) revenue as a result.
B) gross revenue only if the demand is elastic.
C) net and gross revenue if the demand is inelastic.
D) net revenue (revenue minus cost) as a result.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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SmooothSmoooth
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
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#3
8 years ago
My pleasure Happy Dummy
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