Assume the following weekly demand schedule for Sunshine Yogurt in Cloverdale: a. When Sunshine Yogurt lowers its
Question:
Assume the following weekly demand schedule for Sunshine Yogurt in Cloverdale:
a. When Sunshine Yogurt lowers its price on yogurt cones from $4 to $3, what happens to its total revenue?
b. Between a price of $4 and a price of $3, is the demand for Sunshine Yogurt in Cloverdale elastic or inelastic?
c. Between a price of $2 and a price of $1, is the demand for Sunshine Yogurt in Cloverdale elastic or inelastic?
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a Total revenue increases from 200 4 50 to 300 3 100 b Since ...View the full answer
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