Marginal Analysis Elasticity Course Packet on elasticity of

Last updated: 2/16/2024

Marginal Analysis Elasticity Course Packet on elasticity of demand Determine whether each statement is true or false You have one submission for each statement a If demand is unitary when the unit price is p 4 then revenue will decrease if the unit price is increased slightly from 5 OTrue OFalse b If demand is unitary when the unit price is p 4 then revenue will decrease if the unit price is increased slightly from 3 OTrue OFalse c Total revenue is decreasing when the demand is elastic and the price is increased slightly OTrue OFalse d Total revenue is maximized at the equilibrium point OTrue OFalse e Total revenue is increasing when the demand is inelastic and the price is increased slightly OTrue OFalse f Total revenue is maximized when the demand is unitary OTrue OFalse