f a store sells a good with elastic demand, then a decrease in the price would lead to A. a decrease in total revenue. B. an increase in total revenue. C. no change total revenue. D. a decrease in the quantity sold.

The market for Harvard hoodies in the campus store is in equilibrium. They currently sell 25 hoodies in a week at a price of $50 per hoodie 1. What is the current revenue? 2 if they decrease the price of the hoodies from $50 to $40 the quantity demanded would increase from 25 to 40 hoodies A. What is the new revenue B. Calculate the price of the elasticity of the hoodie demand at these changes in price and quantity. 3. Assuming the same elasticity of demand as you just calculated if they instead increase the price from $50 to $ 75 A. What would be the new quantity demanded B. What would be the new revenue

Which of the following is likely to have the most price elastic demand? a. laptop computers Ob. tablets c. Microsoft Surface tablets d. cell phones

Use the following information about the demand elasticities for apples’s in the US to answer the questions that follow.Own-price elasticity: -0.45Cross-price elasticity with bananas:  0.15Cross-price elasticity with eggs: -0.30Income elasticity: 0.15 Suppose that apple consumption in the US rose by 7.5% due to a change in income.  Which of the following happened?   a. Incomes rose by 100%   b. Incomes rose by 15%   c. Incomes rose by 200%   d. Incomes rose by 50%

Please answer C and D:

If a change in the price of a product results in no change in total revenue, what must be the case?    A. The demand for the product must be inelastic.  B. The demand for the product must be unit elastic.  C. The demand for the product must be elastic.  D. The demand for the product must be revenue inelastic.

Only typed answer and don't use chat gpt  As a result of the decrease in donut prices at Yum Yum Donuts, Krispy Kreme discovers that A. Demand for their donuts has increase from D0 to D1.   B. Demand for their donuts has increased from D1 to D0.   C. Demand for their donuts has decrease from D1 to D0.   D. Demand for their donuts has not changed.

Moving down a linear demand curve, what happens to the slope and the elasticity?    A. The slope is constant but elasticity gets smaller.  B. The slope changes but elasticity is constant.  C. The slope and elasticity both get smaller.  D. The slope and elasticity are both constant.