Top Posters
Since Sunday
5
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
PHaMRoL1952 PHaMRoL1952
wrote...
Go to Answer
Posts: 5
Rep: 0 0
7 years ago
If the price elasticity of demand for petrol equals 0.3, then an increase in the price of a litre of petrol $3.70 to $3.90
A.   Increases total revenue
B.   Decreases total revenue
C.   Leads to no change in total revenue
D.   Makes the demand for petrol elastic
E.   Both B and D are correct
Read 330 times
1 Reply
Replies
Answer verified by a subject expert
bolbolbolbol
wrote...
#1
Staff Member
Top Poster
Posts: 3162
Rep: 261 2
2 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

PHaMRoL1952 Author
wrote...

7 years ago
Thank you, thank you, thank you!
spaghetti
wrote...

Yesterday
You make an excellent tutor!
Holly72492
wrote...

2 hours ago
Good timing, thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1302 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 486
  
 127
  
 215
Your Opinion
Which industry do you think artificial intelligence (AI) will impact the most?
Votes: 352
Previous poll results: Do you believe in global warming?