scenarios as examples of elastic, inelastic, or unit elastic demand. When Ruko, a device used to stream movies at home, increases prices by 48 %, total revenue decreases by 63 %. When Cinema Supreme decreases ticket prices by 12 %, total revenue does not change. When Bluebox, a DVD rental kiosk, increases its prices by 43 %, total revenue increases by 31 %.

Question

02-03-2020
Business

contestada

scenarios as examples of elastic, inelastic, or unit elastic demand. When Ruko, a device used to stream movies at home, increases prices by 48 %, total revenue decreases by 63 %. When Cinema Supreme decreases ticket prices by 12 %, total revenue does not change. When Bluebox, a DVD rental kiosk, increases its prices by 43 %, total revenue increases by 31 %.

Respuesta :

Otras preguntas

Alex just received an increase in wage of $2.75 per hour. Before the raise went into effect, he was earning $14.05 per hour. How much is the increase in his wa

What do scientists use to study precambrian time? fossils from algae and other plants fossils from tiny microscopic animals ore from eroded and deformed rocks o

What is the value of x? Please explain and/or show all work (type it out).

Which statement correctly describes the immune response?

As you apply the foot brake, the pedal goes to the floor. what should you do first?

[tex](x + k) {}^{2} = {x}^{2} + 1x + {k}^{2} [/tex]find the value of k.

A salesperson receives a base salary of $36,250 and a commission of 6.75% of the total sales of the year. if the salesperson sales $178,500 of merchandise, what

Which aspects of modern religious geography follow the patterns of religious dissemination underway by the end of the classical period?

The main purpose of exposition is to (3 points) provide background information increase and magnify tension resolve any plot twists relieve the

determine the product of 800.5 x (2x10^6)

ewomazinoade ewomazinoade · Answer 1 · 2020-03-04T03:16:04+01:00

Answer:

Elastic demand

Unit elastic demand

Inelastic demand

Explanation:

Elasticity of demand measures the degree of responsiveness of quantity demanded to changes in price.

Elasticity of demand = percentage change in quantity demanded/ percentage change in price.

Denand is elastic if when price is increased, the quantity demanded changes more than the increase in price. Quanitity demanded is more sensitive to changes in price.

If price is increased, the quantity demanded falls and as a result the total revenue earned by sellers falls.

The elasticity of demand is usually greater than 1 when demand is elastic.

Demand is unit elastic if a change in price has the same proportional change on quantity demanded. The coefficient of elasticity is equal to one.

If price is increased, the quantity demanded changes by the same proportion so there's no change in total revenue of sellers.

Demand is inelastic if a change in price has little or no effect on quantity demanded.

Coefficient of elasticity is usually less than one.

If price is increased, there is little or no change in the quantity demanded and as a result the revenue earned by sellers increase.

I hope my answer helps you