if a 2 percent rise in price leads to a 4 percent decrease in quantity demanded, then demand isa. inelastic and the total revenue decreasesb. elastic and the total revenue increasesc. elastic and the total revenue decreasesd. elastic, but we cannot tell what happens to total revenue without more informatione. total revenue decreases but we cannot tell if the demand is elastic or inelastic without more information
if a 2 percent rise in price leads to a 4 percent decrease in quantity demanded, then demand is a. inelastic and the total revenue decreases b….
Give us your instructions.
Select the type of service you need: writing, calculations, or programming. We’ve created an intuitive order form that tells you what information to enter and where, so make sure to fill out each required field. Also, make your requirements as specific as possible. Don’t rush! Take your time and explain everything in detail how it works.
Proceed to checkout and enter your credit card details or PayPal login, how to pay. Follow the payment provider’s instructions to confirm the transaction.
Now your order is in our system! We’ll start processing it right away.