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AndrewKraus AndrewKraus
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7 years ago
From a firm's point of view, when the demand for a good has a price elasticity of 0.5, then, all things remaining the same, a(n):
A) increase in the price of the good will decrease the firm's revenue.
B) increase in the price of the good will increase the firm's revenue.
C) change in the price of the good will not affect the firm's revenue.
D) change in the price of the good will not affect the quantity of the good demanded by consumers.
Textbook 
Microeconomics

Microeconomics


Edition: 1st
Authors:
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SudzburySudzbury
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7 years ago
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AndrewKraus Author
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#2
7 years ago
I'll share this with my friends, thank you for being there
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