keilahkimbrough8
25.07.2019 •
Business
Which is the correct expansion of the term internet? internetwork institutional network instructional network international network
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Ответ:
A, Internetwork
Explanation:
I took the test and got it right
Ответ:
1. when elasticity < -1 (elastic portion) price and revenue go in opposite directions.
2. when elasticity > -1 (inelastic portion) price and revenue go in same direction.
so if the firm is operating in the inelastic portion of its demand curve it can raise price and increase revenue and profit. it should stop when it hits the point where elasticity is equal to -1.
answer is c.
hope this ☁︎