Ask Question
BusinessBusiness
24 December, 08:58

If a business decreases the price of its product and the product is elastic what happens to the total revenue of the business

+5
Answers (1)
  1. 24 December, 09:35
    0
    The revenue then increases. Decreasing your costs implies you'll gather more income from each buy a client makes. Expecting your volume, normal exchange size, and recurrence remains the same, raising your costs will acquire more income for a similar measure of exertion.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If a business decreases the price of its product and the product is elastic what happens to the total revenue of the business ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Metz Industries stock is twice as risky as the market on average. Given an expected return on the market of A. 7.35% B. 16.50% C. 21.50% D. 14.00% 9.5%, and a risk-free rate of 2.
Answers (1)
Designing my career path has nothing to do with writing goals.
Answers (1)
In a market economy who decides what will be produced? a. managers b. government c. traditions d. consumers
Answers (1)
Which of the following scenarios most accuratley reflects the concept of scarcity? (A) john decides not to purchase a new bike.
Answers (1)
Thelma works at a liquor store in 2018 and makes $44,000. She also has dividend income of $12,000 and interest income of $1,000.
Answers (1)
New Questions in Business
If businesses follow regulations, financial disasters are far less likely. A. True B. False
Answers (1)
What is the amount of Justin and Jenna's earned income tax credit reported in the payments section on page 2 of their tax return?
Answers (1)
What is a master budget? What are some of the underlying budgets that form the master budget? What is the budgeting process at your organization? Is it effective? Why or why not?
Answers (1)
Determine the total allowable 2017 earned income credit in each of the following situations: a. Rina is single and earns $6,800 in salary for the year. In addition, she receives $2,200 in unemployment compensation during the year. b.
Answers (1)
Indicate whether each of the following creates a demand for or a supply of European euros in foreign exchange markets:
Answers (1)
Home » Business » If a business decreases the price of its product and the product is elastic what happens to the total revenue of the business
Sign Up Forgot Password?