Question
Describe the likely effects to total revenue in the (f.f. situations.) 1.Price increases and demand is inelastic 2.Price decreases and demand is elastic 3.Price increases
Describe the likely effects to total revenue in the (f.f. situations.)
1.Price increases and demand is inelastic
2.Price decreases and demand is elastic
3.Price increases and demand is elastic.
4.Price decreases and demand is inelastic
5.Price increases and demand is unitary elastic
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International Business
Authors: Michael Czinkota, Iikka A. Ronkainen, Michael H. Moffett
8th edition
470530658, 470530650, 978-0470530658
