Price and total revenue move in the opposite direction when demand is.

Answers

Answer 1

Price and total revenue move in the opposite direction when demand is elastic. In economics, demand elasticity refers to how sensitive the demand for a product or service is to changes in its price. When the demand is elastic, it means that a small change in price leads to a more significant change in the quantity demanded.

Hence, as the price of a product increases, the quantity demanded falls by a greater proportion, and as the price of a product decreases, the quantity demanded increases by a greater proportion. On the other hand, when the demand is inelastic, it means that a change in price leads to a small change in the quantity demanded.

In such a situation, a rise in price increases total revenue, while a fall in price reduces total revenue. This is because an increase in price leads to a decrease in quantity demanded that is less than the percentage increase in price, resulting in an increase in total revenue.

Similarly, a decrease in price leads to an increase in quantity demanded that is less than the percentage decrease in price, resulting in a decrease in total revenue. However, when demand is elastic, a rise in price results in a decrease in total revenue because the percentage fall in quantity demanded is greater than the percentage increase in price.

Similarly, a decrease in price results in an increase in total revenue because the percentage increase in quantity demanded is greater than the percentage decrease in price. Therefore, price and total revenue move in opposite directions when demand is elastic.

To know more about sensitive visit:

https://brainly.com/question/15025661

#SPJ11


Related Questions

the power of the supreme court to declare laws unconstitutional is called

Answers

Answer:

judicial review

Explanation:

Your Welcome ^^

What do you mean by federal system?​

Answers

Not sure what the question is

where did the style for the Biltmore house come from
A. Europe
B. Mexico
C. Asia
D. Russia

Answers

Answer:

Explanation:

Europe (It was made in France) French Renaissance châteaux as inspiration.

Europe (French mansions)

Pertaining to the final phase of the Upper Paleolithic stone tool industry in Europe.

Answers

The final phase of the Upper Paleolithic stone tool industry in Europe is commonly referred to as the Magdalenian period, which lasted from approximately 17,000 to 12,000 years ago.

During the Magdalenian period, human societies in Europe continued to rely on stone tools, but they became increasingly sophisticated and specialized. One of the most notable developments was the creation of microliths, small stone tools that were often used as components of composite tools such as arrows and harpoons. These microliths were often made from materials such as flint, chert, and bone, and were carefully shaped and polished to fit together in a precise manner.

The Magdalenian period also saw the emergence of cave art, with some of the most famous examples being found in places such as Lascaux and Altamira. These artworks often depicted animals such as bison, horses, and mammoths, and may have had spiritual or religious significance for the people who created them.

Overall, the final phase of the Upper Paleolithic stone tool industry in Europe was a time of great innovation and cultural development. While the use of stone tools continued to be important, humans were beginning to explore new avenues of artistic expression and technological advancement.

Learn more about Upper Paleolithic: https://brainly.com/question/32005734

#SPJ11

Do you agree with Hamilton that it is better to have a man with the wrong principles as president than one with none?

Answers

In my opinion, I agree with Hamilton that  it is better to have a man with the wrong principles as president than one with none.

Who is Hamilton?

Alexander Hamilton, a founding father, statesman, and military officer, served as the nation's first secretary of the treasury from 1789 to 1795. Hamilton, an unmarried child born in Charlestown, Nevis, was raised by a prosperous businessman after becoming an orphan.

Last but not least, Hamilton was born on January 11, 1755 or 1757, in Charlestown, on the British island of Nevis. He was the principal founder and architect of the American financial system.

Learn more about Hamilton here: https://brainly.com/question/24714949

#SPJ1

learning through active involvement in culturally relevant activities with the aid of knowledgeable individuals is called

Answers

Activities with aid of knowledge is referred to guided participation.

What is guided participation?

Through the process of guided participation, an individual with more experience assists someone with less experience in becoming proficient in activities that are personally and socially significant aspects of daily life.

A practice is a group of socially organized actions taken to achieve a reoccurring objective.

Helping someone else develop the necessary skills to participate in a socially significant activity is what guided participation entails.

Guided participation for clinical practice is a process that occurs frequently in daily life with varying degrees of sophistication and complexity.

By exploring its theory and principles of practice, guided participation for clinical practice can be made more approachable.

The dynamic teaching and learning process that takes place in the setting of a relationship, typically during the activity, is at the heart of guided participation.

To know more about guided participation, visit:-

https://brainly.com/question/8896495

#SPJ4

Choose the statement that would best fit under an organization's integrity-based ethics code. Multiple Choice O avoids criminal misconduct O emphasizes strong penalties for wrongdoers O stresses shared accountability O conforms to outside standards

Answers

Stresses that an organization's conscience ethics code would be the appropriate place to include shared accountability.(option c)

What does the term "ethical code" mean?

A set of principles known as an ethical code in business is meant to ensure that a company and its personnel behave honestly and honourably in all areas of day-to-day business and to only take actions that benefit society. Organizations develop ethical standards to help members learn the distinction between good and evil and apply that knowledge to their decisions. Examples of a personal code of ethics. I'll act towards people the way I want to be treated. I value making a good impression on everyone I come in contact with.

To know more about ethics code visit:

https://brainly.com/question/28268879

#SPJ1

PLEASEE HELPP

Part 1: Pick one of the factors that influence consumer choice (the factors discussed in the unit) Part 2: Give a specific example of how the factor you chose influences EITHER production and distribution for a producer OR consumer choice.

Part 1: What economic influencing factor did you choose?



*Part 2: Example of how that factor could influence EITHER production and distribution for a producer OR consumer choice (pick 1 only).

Answers

Answer:

You have to know what they discussed only then you could answer this

Explanation:

linear text are texts which visauls and representation. TRUE OR FALSE.​

Answers

Answer: False

Explanation: Linear text Linear refers to traditional text that needs to be read from beginning to the end. This can be novels, poems, letters, and textbooks. Nonlinear is the opposite of linear and is comprised of bodies of information presented in more creative ways. They include pictures, graphs, diagrams, tables, charts, and maps.

Choose a topic and submit a short research paper (4 pages for
maximum):
Topic: In today's society, are we better off or worst off than
previous generations?

Answers

Modern society are more advanced, democratic, varied, and inclusive than past groups. Additionally, the quality of life has improved, people can mingle freely, the transit system is more efficient, and communication is quick and simple.

Finally, genetics and the environment both contribute to the way the world is. Environmental factors like climate change and natural disasters can significantly influence why some regions of the world are the way they are today. Another key factor in why the world is the way it is is genetics. People's attitudes would have been more tranquil in the past because there were no significant economic, social, or political issues.

To learn more about democratic, click here.

https://brainly.com/question/14320124

#SPJ4

The overview of ethical codes and methods for handling ethical issues or conflicts with a code of ethics is called the _____.
PLEASE HELP I HAVE BARELY ANY TIME
Responses

A. statement of purpose

B. appendix

C. preamble

D. abstract

Answers

The overview of ethical codes and methods for handling ethical issues or conflicts with a code of ethics is called the statement of purpose. Hence, option A is correct.

What is ethical codes?

The code of ethics are those set of principles that are required to help an organization conduct their business with integrity. Organizations adopt code of ethics so that their members can be able to know the difference between what is considered right and what is wrong.

The purpose of the Code of ethics is to regulate the conduct of the members of a company or organization. It set ups norms that act as  boundaries so persons behave in a way that help the business growth.

Through code of ethics, employees can be judged in an organization when they do something that doesn't align with the ethical standards of the organization. A code of ethics is crucial for ensuring that everyone in the company is aware of the expectations for their behaviour and that everyone is held to the same standards.

Learn more about ethical codes here: https://brainly.com/question/13663435

#SPJ1

Which event first unified Spain?

The Crusades
the inquisition
a roval marriage
Columbus voyage

Which of these would be MOST likely to be called a "heretic"?
a peasant farmer
a Catholic bishop
one who helps the sick
Done who doubts the Pope

Ferdinand's "Alhambra Decree" was focused at what group of people?
Catholics
Jews
Muslims
Protestants

The main goal of any trial during the inquisition was to_.
Get a confession
Execute heretics
Preach to sinners
Convert Protestants

Answers

Answer:

colombus voyage

1 religion : a person who differs in opinion from established religious dogma (see dogma sense 2) especially : a baptized member of the Roman Catholic Church who refuses to acknowledge or accept a revealed truth The church regards them as heretics.

What body of water is considered a crossroads for its location and cultural diffusion between Europe, Asia and Africa

Answers

Answer:

Constantinople

Explanation:

Constantinople was considered a crossroads for trade because there were goods coming from three different continents, Europe, Asia and Africa.

which laws protect citezens from human right violation?​

Answers

Answer:

The Civil Rights Act of 1964

Explanation:

"Human Rights are the basic rights and freedoms to which all human beings are entitled, like civil and political rights, the right to life and liberty, freedom of thought and speech/expression, equality before the law, social, cultural and economic rights, the right to food, the right to work, and the right to education. In short, human rights are freedoms established by custom or international agreement that protect the interests of humans and the conduct of governments in every nation."

the definition of relative poverty takes into account which important factor when determining poverty based on a percentage of median income?

Answers

The definition of relative poverty takes into account the level of income inequality within a society or community when determining poverty based on a percentage of median income.

Relative poverty is measured by comparing a household's income to the median income of their society or community. If a household's income falls below a certain percentage of the median income, typically 50% or 60%, they are considered to be living in relative poverty. The importance of income inequality in determining relative poverty is that it recognizes that poverty is not simply a matter of absolute deprivation, but also of relative deprivation. In societies with high levels of income inequality, even those with incomes above the absolute poverty line may struggle to meet basic needs and participate fully in society.

By taking into account income inequality, the definition of relative poverty helps to provide a more nuanced understanding of poverty and its causes, and can inform policy and interventions aimed at reducing poverty and promoting greater social and economic equality.

To learn more about relative property, visit here

https://brainly.com/question/29822396

#SPJ4

scholarships (tuition discounts) provided to students where no service is required :
A) Are included in tuition revenue and recorded as an expense.
B) Are reported as a reduction of revenue by directly reducing the revenue account or increasing a contra- revenue account.
C) Are not included in tuition revenue but are included as an "other source".
D) Are reported as an adjustment to tuition revenue in the government-wide statements.

Answers

Scholarships provided to students where no service is required are reported as a reduction of revenue. This is done by either directly reducing the revenue account or increasing a contra-revenue account (option B).

B) Scholarships (tuition discounts) provided to students where no service is required are reported as a reduction of revenue by directly reducing the revenue account or increasing a contra-revenue account. This means that the scholarship amount is subtracted from the total revenue earned from tuition. This method ensures that the revenue is accurately reflected in the financial statements and that the scholarship amount is clearly identifiable as a deduction. Scholarships provided where no service is required are typically funded by endowments or other donations and are intended to support students who demonstrate financial need, academic achievement, or other criteria. This accounting treatment accurately reflects the net revenue generated from tuition, as scholarships essentially represent a discount given to students.

To learn more about Scholarships, visit:

https://brainly.com/question/28133214

#SPJ11

Which of these is NOT a concurrent or shared power?


the power to enforce laws
the power to make laws
the power to create standards for schools
the power to collect taxes


Answers

The answer is: the power to collect taxes

bb

Most followers of which religion or philosophy live in east and southeast asia?.

Answers

Answer:

Of the five religions provided in your question, Buddhism and Confucianism have the majority of their followers in East and Southeast Asia.

Explanation:

how are children exploited in our society​

Answers

Answer:

Human trafficking and social media

Explanation:

Answer:

Trafficked children are often subjected to violence, abuse and other human rights violations. And some may be forced to break the law. For girls, the threat of sexual exploitation looms large, while boys may be exploited by armed forces or groups.

Explanation:

Jw since ur a cat did you want some catnip? XD

1. The process of racial formation is different in every society. In the United States, the "one-drop rule" and hypodescent have historically affected the way people with multiracial backgrounds have been racialized. How have ideas about multiracial identity been changing in the past few decades?
2. As the number of people who identify as "multiracial" increases, do you think there will be changes in the way we think about other racial categories?

Answers

In recent years, ideas about multiracial identity have evolved significantly, and this has contributed to a change in the way we think about other racial categories.

Multiracial individuals in the United States, as well as other countries, have been challenging the notion of racial categories as fixed, discrete, and mutually exclusive. Instead, they view race as a social construct, and multiracial identity as fluid and situational.

There has been an increase in the number of people who identify as multiracial over the past few decades, which has contributed to a greater awareness of the complexity and diversity of race and ethnicity in the United States. As more people identify as multiracial, it challenges the traditional black/white binary and complicates our understanding of race and ethnicity.

This has led to a greater acceptance and celebration of diversity in the United States, and may ultimately contribute to the breakdown of racial categories altogether. In conclusion, the changing ideas about multiracial identity have contributed to a more nuanced understanding of race and ethnicity, and may ultimately lead to a more inclusive and diverse society.

Learn more about multiracial identity here:

https://brainly.com/question/31114867

#SPJ11

how would you differentiate between systematic desensitization and social skills training?

Answers

Systematic desensitization and social skills training are two distinct therapeutic approaches that can be used to treat different issues.


Systematic desensitization is a type of exposure therapy that is used to help people overcome phobias, anxiety, and other similar conditions. This technique involves gradually exposing the person to the feared stimulus in a safe and controlled environment until they are no longer afraid of it. The goal of this therapy is to help the person become desensitized to the feared stimulus so that they can eventually confront it without experiencing intense anxiety or fear.

On the other hand, social skills training is a type of therapy that is designed to help individuals improve their interpersonal and communication skills. This technique is often used to help people with social anxiety or other issues that make it difficult for them to interact with others. Social skills training can involve teaching individuals how to initiate and maintain conversations, read social cues, and respond appropriately in social situations.

In summary, while systematic desensitization and social skills training may both be used to address anxiety-related issues, the former is focused on reducing fear and anxiety responses while the latter is focused on improving communication and interpersonal skills.

learn more about differenc are Systematic desensitization and social skills training here;

brainly.com/question/32186987

#SPJ11

The first group of people to come to the Caribbean were the​

Answers

Answer:

If i remember correctly it was The Taíno  who where the first to come to the Caribbean's

Explanation:

1.It causes the plates to be pulled apart or pushed together.
2.A type of fault on which the two blocks slide past one another.
3.It is caused by a sudden slip on a fault.

Answers

1. divergent
2. transform
3. earthquake

what is meant by Santan religion Mention the important teachings of hinduism​

Answers

Sanatana dharma, in Hinduism, term used to denote the “eternal” or absolute set of duties or religiously ordained practices incumbent upon all Hindus, regardless of class, caste, or sect. ...

What does Emma Lazarus want readers to know about the United States? What is the poem’s deeper message about American ideologies? Analyze how Lazarus uses figurative language to enhance and promote this message citing evidence from the poem.

Answers

Emma Lazarus want readers to know about the United States to be the romantic representation of freedom that many now claim it to be. The poem's deeper message is shown as an American motherly character who embraces newcomers.

Who was Emma Lazarus?

Emma Lazarus was an American poet, writer of prose, and translator who also championed Jewish and socialist causes. She is renowned for penning "The New Colossus," a sonnet about the Statue of Liberty, in 1883.

The poem, which was written in 1883, contributed to the idea that the Statue of Liberty is a hospitable mother and that America is a wonderful nation of immigrants.

Therefore, Emma Lazarus want readers to know about the United States to be the romantic representation of freedom that many now claim it to be.

The poem's deeper message is shown as an American motherly character who embraces newcomers.

Lazarus writes a magnificent description of the States of Liberty as a sign of welcome for anyone looking to start a new life in the United States in this poem.

To know more about the Emma Lazarus, visit:

https://brainly.com/question/999690

#SPJ1

Which document is the internet engineering task force (ietf) request for comments (rfc) second stage, after participants have demonstrated that the standard has been deployed in working environments?

Answers

The Internet Engineering Task Force (IETF) Request for Comments (RFC) second stage, after participants have demonstrated that the standard has been deployed in working environments, is called a Proposed Standard.

What is a proposed standard ?

A Proposed Standard is a document that has been developed and tested by the IETF and is considered to be ready for widespread deployment. To become a Proposed Standard, a document must first be published as an Internet Draft (I-D).

Once an I-D has been published, it is reviewed by the IETF community and may be revised based on feedback. If the I-D is approved by the IETF, it is published as a Proposed Standard.

A Proposed Standard is a stable and well - defined document that can be used as a basis for implementation. However, it is not yet considered to be a final standard.

Find out more on the Internet Engineering Task Force at https://brainly.com/question/10979842

#SPJ4

how many colonies do Guyana have​

Answers

Answer:

3 colonies

Explanation:

3 colonies

The three colonies were officially ceded to the United Kingdom in the Anglo-Dutch Treaty of 1814.

Guyana has 3 colonies

Explanation:

After the British assumed control in 1796, the Dutch formally ceded the area in 1814. In 1831 the three separate colonies became a single British colony known as British Guiana.

explain the environment and natural resource management in
Guyana? No more than 600words

Answers

Guyana, located on the northeastern coast of South America, possesses a rich and diverse environment, characterized by dense rainforests, vast savannahs, and pristine rivers.

As a country with abundant natural resources, Guyana faces the challenge of balancing economic development with sustainable environmental practices.

Environment and natural resource management in Guyana are guided by several key principles. The government has made efforts to protect the country's natural heritage by establishing protected areas such as national parks and nature reserves. These areas safeguard important ecosystems and promote biodiversity conservation.

Guyana is also known for its commitment to sustainable forestry practices. The country has implemented a robust system of forest management that emphasizes responsible logging and reforestation. It has gained recognition for its Low Carbon Development Strategy, which involves avoiding deforestation and promoting sustainable land use.

Furthermore, Guyana has placed great emphasis on the preservation of its water resources. It has implemented measures to ensure clean and accessible water for its citizens while protecting its rivers and wetlands.

To enhance environmental governance, Guyana actively engages in international partnerships and initiatives such as the United Nations Framework Convention on Climate Change (UNFCCC) and the REDD+ program, which provides financial incentives for reducing emissions from deforestation and forest degradation.

In conclusion, Guyana recognizes the importance of sustainable environmental practices and natural resource management. Through protected areas, sustainable forestry, water resource preservation, and international partnerships, the country strives to balance economic development with the conservation of its valuable natural resources.

Learn more about resources here:

https://brainly.com/question/30158788

#SPJ11

what are some of the causes of noise pollution​

Answers

Answer:

   Traffic noise. Traffic noise accounts for most polluting noise in cities. ...

   Air traffic noise. ...

   Construction sites. ...

   Catering and night life. ...

   Animals. ...

   Physical. ...

   Psychological. ...

   Sleep and behavioural disorders.

Explanation:

Traffic noise. Traffic noise accounts for most polluting noise in cities. ...
Air traffic noise. ...
Construction sites. ...
Catering and night life. ...
Animals. ...
Physical. ...
Psychological. ...
Sleep and behavioural disorders.

the tendency to consistently evaluate other people or objects in an extremely positive fashion is what common perceptual error related to performance evaluations?

Answers

Leniency is the tendency to consistently evaluate other people or objects in an extremely positive fashion .

A personality trait that causes someone to continuously have a very good opinion of other people or things. The inclination to judge individuals and things as average or neutral in order to avoid making any extreme judgments. 

Self-efficacy is the conviction that one can complete a task successfully. Self-enhancement bias is the propensity to overestimate our abilities and performance and see ourselves more favorably than others do.

To know more about positive fashion visit :

https://brainly.com/question/14689930

#SPJ4

Other Questions
How can u Convert 315k to c 1. Write a query to find minimum customer balance, maximum customer balance and average customer balance.2. Write a query to find all customers with a balance of more than $300 but less than $1000. Sort the results by customer balance (highest first).3. Write a query to find out the name of the vendor who supplied the product with product code 11QER/31.4. Write a query to generate first name, last name of customers along with invoice number and invoice date where invoice date is between January 15 and January 18, 2018.5. Generate a listing of all purchases made by the customers. Sort the results by customer code, invoice number, and product description.6. Write a query to produce the total purchase by invoice sorted by invoice number. The vertical asymptote of the function = ln(x-6) + 5 is:O A. x = -6B. x = -5O C. x = 6D. x = 5 Electrical goods Pty Ltd formed a partnership with Michael and John to operate a wholesale business selling electronics called " buy right". The partnership agreement provides that the partnership is as follows; electronic goods Pty Ltd 60%, Michael 20% and John 20%. The partnerships financial accountant provided you with the following profit and loss statement. Electrical goods Pty Ltd, Michael and John partnership Trading as buy rights Profit and loss for the year ending 30th of June 2021 Income Sales. 1,500,000 Government grant. 75,000(note 1) Total income. 1,575,000 Cost of goods sold Opening stock 320,000 Purchases. 500,000 Closing stock. 180.000 Total cost of goods sold. 640,000 Gross profit. 935,000 Expenses Employment wages. 150,000 Interest in partnership loan 60,000(note 2) Partner salaries for Michael and John. 400,000 Rent. 75,000 Electricity and water. 45,000 Movement in provisions. 55,000 (note 3) Total expenses. 785,000 Net profit. 150,000 Notes 1. The partnership received an apprenticeship rebate from the government to assist with the apprentices cost that the partnership currently employs 2. Electrical goods Pty Ltd lent the partnership $1,000,000, so the partnership would not have to borrow from the bank to finance the purchase of stock. The 60,000 interest related to this loan 3. The accountant has taken up the following movements in the provision accounts: doubtful debt 35,000, long service leave 10,000 and accrued sick leave 10,000. 4. The partnership made a loss of 125,000 in the June 2020 year Address the following and justify using legislation and case law where applicable A) calculate the partnerships taxable income B) calculate electrical goods Pty Ltd tax payable lect the correct answer.These temperatures were recorded in International Falls, Minnesota, on four consecutive days:day 1: -10Fday 2: -13Fday 3: -8Fday 4: -11FOn which day was the temperature farthest from 0F ? A. day 1B. day 2C. day 3D. day 4 Competitive games can __________ those with limited skill. A. Intimidate B. Excite C. Empower D. Anger Please select the best answer from the choices provided. A B C D. a nurse teaches deep breathing exercises to a client scheduled for surgery. in which perioperative phase would this action occur? on to Art-EL1086123456 7 81046:238Save and Ex Hall bought a new refrigerator that cost $4620. the store allows for 10 separate payments to be made to cover the total cost. how much would each of these payments be if they were all equal amounts. I need help asap please! True or False: Being asked about an attitude infrequently increases its link to behavior. Old buildings and the study of ______ fascinated ThomasJefferson. Which congruence criterion is used in the following given EB DB AE BC AC 90 degree? I am very confused (I didnt mean to press B) Which is a better deal?An ice company charged $6.02 for 7 bags of ice. If aconvenience store sold 6 bags of ice for $5.52, which is abetter buy?Explain/Justify your answer two cars travel on a straight road from the point. A to point B both cars accelerate to their maximum speed and then continue at the speed for the rest of the distance. car 1 accelerates from rest to 20m/s over the 30s. It reaches point B in the 30s Wich car uses a larger acceleration to reach its maximum speed and which car has a larger average speed The main objective of value chain analysis is to identify stages of the value chain where the firm can:__________ What is the slope of a line containing the ordered pairs (2, 3) and (-4, 0)? If you found the mass of the Styrofoam packing peanuts and bricks and divided their mass by theirvolumes, which of these would you find to have a higher density? Guys pls help me!!!!!!!