6. If the demand for chapati is elastic, then a decrease in the price of chapati will: aIncrease totaf revenue of chapati sellers b. Decrease total revenue of chapati sellers c. Not change total revenue of chapati sellers d. There is not enough information to answer this question

6. If the demand for chapati is elastic, then a decrease in the price of chapati will: aIncrease totaf revenue of chapati sellers b. Decrease total revenue of chapati sellers c. Not change total revenue of chapati sellers d. There is not enough information to answer this question

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 9SCQ: Suppose the cross-price elasticity of apples with respect to the price of oranges is 0.4, and the...

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Q#6

6. If the demand for chapati is elastic, then a decrease in the price of chapati will:
aIncrease totaf revenue of chapati sellers
b. Decrease total revenue of chapati sellers
c. Not change total revenue of chapati sellers
d. There is not enough information to answer this question

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