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Home Q & A Board Other Fields Homework Help Business Economics
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Tidy Tidy
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9 years ago
Suppose a decrease in the supply of bottled water results in a decrease in revenue. This indicates that
A) the demand for bottled water is inelastic in the price range considered.
B) the demand for bottled water is elastic in the price range considered.
C) the supply of bottled water is inelastic in the price range considered.
D) the supply of bottled water is elastic in the price range considered.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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SmooothSmoooth
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9 years ago
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skywater

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9 years ago
Don't mention it Happy Dummy
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