Question
The graph below represents the demand curve for a firm that is operating at point A. What is the total revenue of the firm?
The graph below represents the demand curve for a firm that is operating at point A. What is the total revenue of the firm? P $6 Demand 400 Q If the demand for salt is perfectly inelastic, and the supply of salt increases, then the equilibrium price will increase but the equilibrium quantity will be unchanged. the equilibrium price will not change but the equilibrium quantity will increase. the equilibrium price and quantity will both decrease. neither the equilibrium price nor the quantity will change. the equilibrium price will decrease but the equilibrium quantity will be unchanged. ppose the price of movie theater tickets decline. The income effect means that O people will make lower incomes from selling movie tickets. O people will purchase fewer movies to watch at home. O people will purchase more of all normal goods. O people will be more likely to seek a higher-paying job. O people will purchase more movie tickets and less of other goods. If the demand for salt is perfectly inelastic, and the supply of salt increases, then the equilibrium price will increase but the equilibrium quantity will be unchanged. the equilibrium price will not change but the equilibrium quantity will increase. the equilibrium price and quantity will both decrease. neither the equilibrium price nor the quantity will change. the equilibrium price will decrease but the equilibrium quantity will be unchanged.
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