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Tags
#cfa #cfa-level-1 #economics #has-images #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
Question
If demand is elastic, a fall in price will result in [...] revenue as a whole, and if demand is inelastic, a fall in price will result in a [...] revenue.
Answer
an increase in total
decrease in total
decrease in total
Tags
#cfa #cfa-level-1 #economics #has-images #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
Question
If demand is elastic, a fall in price will result in [...] revenue as a whole, and if demand is inelastic, a fall in price will result in a [...] revenue.
Answer
?
Tags
#cfa #cfa-level-1 #economics #has-images #microeconomics #reading-13-demand-and-supply-analysis-introduction #study-session-4
Question
If demand is elastic, a fall in price will result in [...] revenue as a whole, and if demand is inelastic, a fall in price will result in a [...] revenue.
Answer
an increase in total
decrease in total
decrease in total
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Exhibit 22. Elasticity and Total Expenditure
onsumer, the demand curve of the market, or the demand curve facing any given seller. The total expenditure by buyers becomes the total revenue to sellers in a market. If demand is elastic, a fall in price will result in <span>an increase in total revenue as a whole, and if demand is inelastic, a fall in price will result in a decrease in total revenue. Clearly, if the demand faced by any given seller were inelastic at
Exhibit 22. Elasticity and Total Expenditure
onsumer, the demand curve of the market, or the demand curve facing any given seller. The total expenditure by buyers becomes the total revenue to sellers in a market. If demand is elastic, a fall in price will result in <span>an increase in total revenue as a whole, and if demand is inelastic, a fall in price will result in a decrease in total revenue. Clearly, if the demand faced by any given seller were inelastic at
Summary
| status | not learned | measured difficulty | 37% [default] | last interval [days] | |||
|---|---|---|---|---|---|---|---|
| repetition number in this series | 0 | memorised on | scheduled repetition | ||||
| scheduled repetition interval | last repetition or drill |
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