Shortcut Navigation:

Total Revenue Quiz

When the decrease in the price of one good causes the demand for another good to decrease, the goods are

The price elasticity of demand is the

The price of apples falls by 5% and quantity demanded increases by 6%. Demand for apples is:

The price of bread increases by 22% and the quantity of bread demanded falls by 25%. This indicates that demand for bread is

If the cross-price elasticity of demand between two goods is negative, then the two goods are

The burden (incidence) of a tax will fall mainly on the producers if:

Income elasticity of demand is the % change in quantity demanded divided by the % change in income. Which type of goods have negative income elasticity of demand?

If total revenue rises by 10% when price increases by 5%, this means:

If a 5% increase in price causes no change in total revenue, this means:

Economists use the term utility to mean

Tagged as: total revenue, total revenue, demand
Home | About | Create | Register | Privacy | Terms | Sitemap | [Facebook] [Twitter] [Google+]