If demand is inelastic, an increase in the price of a good will cause total expenditures on the good to Group of answer choices fall. remain constant since the decrease in quantity sold is exactly offset by the price increase. rise. rise if it is a normal good and fall if it is an inferior good.
Solved
Show answers
More tips
- S Sport How to Get Rid of Belly Fat: Easy Way to Achieve the Perfect Figure...
- F Family and Home When and how to start introducing solid foods to your baby?...
- B Business and Finance Moneybookers – What it is and How it Works...
- C Computers and Internet How to Format Your C Drive: Detailed Guide and Tips...
- F Food and Cooking What can and cannot be eaten during Lent?...
- H Health and Medicine What to Do When Your Jaw Locks Up?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
- D Dating, Love, Relationships Is it a Compliment or Flattery: What s the Difference?...
- S Science and Technology The Metric System in Our Daily Life: Understanding Its Importance...
- C Computers and Internet What to Do If Your ICQ Gets Hacked?...
Answers on questions: Business
- B Business If george earned $50,000 and was taxed $7,500, while julia earned $80,000 and was taxed $9,000, what type of income tax structure exists in their country? a.not clear due to missing...
- B Business What is a purchase order who sends it and where is it sent...
- B Biology Which sentence is true about polaris and the sun? a) polaris is not as bright as the sun because it is not hot. b) polaris seems smaller than the sun because it is farther away. c)...
- S Social Studies The national government of uganda has supreme court political authority in the country, with local governments having limited power. this type of system is known as a? a.republic b.dictatorship...
- M Mathematics Y=2x+34x+y=33substitution form(x, y)...
- S Social Studies Which is a true statement about computer use during the 1980 s? a) during the 1980 s, home computers became readily available and affordable and they revolutionized many aspects of...
- S Social Studies What area of the world was hardest hit by aids? asia europe north america sub-saharan africa...
- M Mathematics You buy 6 pounds of apples for $33. what is the cost of 10 pounds of apples?...
- B Biology 2)what animal is best adapted to life in the intertidal zone of an ocean biome? a) a porpoise b) a giant squid c) a large fish, such as a tuna d) a wading shorebird, such as a heron...
- P Physics The nightly winter temperature drop in a seaside town is usually less than that in nearby towns that are farther inland. explain....
Ответ:
Rise
Explanation:
Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.
Price elasticity of demand = percentage change in quantity demanded / percentage change in price
Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one
If price is increased and demand is inelastic, the fall in quantity demanded would be less than the increase in price. As a result total expenditures would increase
Normal goods are goods that are goods whose demand increases when income increases and falls when income falls
Ответ:
True
Explanation: You need to pay at least 20% down.