Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
apadong apadong
wrote...
Go to Answer
Posts: 856
Rep: 1 0
6 years ago
When the price of coffee increases 5%, quantity demanded decreases 10%. The price elasticity of demand for coffee is ________ and total revenue from coffee sales will ________.
A) elastic; decrease
B) elastic; increase
C) inelastic; increase
D) inelastic; decrease
Read 96 times
2 Replies
Replies
Answer verified by a subject expert
DeToXiFYDeToXiFY
wrote...
#1
Top Poster
Posts: 668
Rep: 11 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

apadong Author
wrote...
#2
6 years ago
Correct Slight Smile
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1299 People Browsing
 111 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Related Images
  
 201
  
 1185
  
 336
Your Opinion
How often do you eat-out per week?
Votes: 79
Previous poll results: Which of the following is the best resource to supplement your studies: