anonymous
  • anonymous
Will FAB AND MEDAL If the demand for electricity is perfectly inelastic, an increase in the price of electric power will cause quantity demanded to ___________ and total revenue will _________ for the power company. increase, decrease increase, not change stay the same, increase decrease, decrease remain constant, decrease
Mathematics
  • Stacey Warren - Expert brainly.com
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chestercat
  • chestercat
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
lol fab I mean fan
Serenity74
  • Serenity74
Bruh srsly Micro in math? Nice xd ONE SEC lemme read it XD
Serenity74
  • Serenity74
Inelastic means it's going in opposite directions right? So if one increases then the other decreases.

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More answers

Serenity74
  • Serenity74
Inelastic means it's going in opposite directions right? So if one increases then the other decreases.
anonymous
  • anonymous
I thought if it was inelastic then the price goes up ,but demand stays the same.
Serenity74
  • Serenity74
One sec googling how inelasticisty affects the demand cuvre.
Serenity74
  • Serenity74
http://www.investopedia.com/terms/e/inelastic.asp Hope that helps!! Also.
anonymous
  • anonymous
oh ok thx for the help
anonymous
  • anonymous
could you help me with one more thing?
Serenity74
  • Serenity74
Sure wat is it?
anonymous
  • anonymous
hold on
anonymous
  • anonymous
The demand for emeralds tends to be very elastic. This is because emeralds are more of a _____________. It also means that a 33% off sale on emerald necklaces would bring about _________________ in the total revenue of the emerald necklace supplier. luxury item, a decrease necessity, an increase luxury item, an increase luxury item, no change necessity, no change
Serenity74
  • Serenity74
What answers can you elminiate?
anonymous
  • anonymous
necessity, no change and necessity, an increase
Serenity74
  • Serenity74
What answers can you elminiate?
anonymous
  • anonymous
anything that says emeralds are a necessity when they are in fact a luxury
Serenity74
  • Serenity74
Yes so it's either A, C, D
Serenity74
  • Serenity74
But you can eliminate it between A, C, and D
Serenity74
  • Serenity74
But you can eliminate it between A, C, and D
anonymous
  • anonymous
luxury item, no change
anonymous
  • anonymous
its elastic so there will be either a decrease or increase
Serenity74
  • Serenity74
Yup. But think about how 33% sale will help/not help the SUPLLIER
anonymous
  • anonymous
It will help increase? because consumers will impulse buy based off the ideal of a sale?
Serenity74
  • Serenity74
Wat does Total Revenue stand for? I would love to give you the answer directly but I really don't want to get us in trouble.
anonymous
  • anonymous
Its the gross income
anonymous
  • anonymous
and yeah i know I 've gotten in trouble for just giving answers
Serenity74
  • Serenity74
Wait is this for Micro or Macro?
anonymous
  • anonymous
micro
anonymous
  • anonymous
ap micro -.-
Serenity74
  • Serenity74
Okay so how would this affect the Suppliers. (Sorry had to re-help you on this, lost my train off thought)
anonymous
  • anonymous
suppliers would trade supply for money. So the supplies would decrease? no its fine the ap class i'm convinced is designed to kill high school students
Serenity74
  • Serenity74
XD Amen! XD But it's sales discount on the product.
anonymous
  • anonymous
but more consumers buy because they believe they are getting a deal
Serenity74
  • Serenity74
Warmer.
Serenity74
  • Serenity74
SO? The answer would be??
anonymous
  • anonymous
so the luxury would increase total revenue but decrease supply, and the demand would increase ?
Serenity74
  • Serenity74
Yuppppers (That's what I am thinking, it makes sense to me, wbu?)
anonymous
  • anonymous
same hopefully it works for my teacher
anonymous
  • anonymous
up for another one?
Serenity74
  • Serenity74
XD Lol you gotta love dem teachers! XD Sure?
Serenity74
  • Serenity74
XD Lol you gotta love dem teachers! XD Sure?
Serenity74
  • Serenity74
XD Lol you gotta love dem teachers! XD Sure?
Serenity74
  • Serenity74
XD Lol you gotta love dem teachers! XD Sure?
anonymous
  • anonymous
Which of the following items has the most elastic demand, in all likelihood? Car repair services Petroleum Toothpaste Snowboards Milk eliminate Toothpaste, Snowboards, and Milk
anonymous
  • anonymous
wait lies i mis read the question
Serenity74
  • Serenity74
So no help??
anonymous
  • anonymous
yes help i mis read the question so idk thee answer
anonymous
  • anonymous
if its elastic then there are many substitutes?
Serenity74
  • Serenity74
i think so?
Serenity74
  • Serenity74
I think you are right...not sure?
anonymous
  • anonymous
its very confusing
Serenity74
  • Serenity74
life is very confusing.
anonymous
  • anonymous
hold on i'll look at my book and lessons
anonymous
  • anonymous
its says you just do not need. Therefore, the good or service is a luxury item. The more substitutes an item has, the more elastic will be the demand.
anonymous
  • anonymous
so eliminate a and b beacuse unless you walking everywhere you need those inelastic goods
anonymous
  • anonymous
I think its milk because there are so many substitutes
Serenity74
  • Serenity74
Hmmm Car Service has so many substititues as well if you think about it?

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