Improve your search results. Select your educational institution and subject so that we can show you the most relevant documents and help you in the best way possible.
Ok, I understand!
Your school or university
Improve your search results. Select your educational institution and subject so that we can show you the most relevant documents and help you in the best way possible.
Here are the best resources to pass Econ 201 (ECON 201). Find Econ 201 (ECON 201) study guides, notes, assignments, and much more.
All
1 results
Sort by
ECON 201 EXAM 2 WITH 100% SOLUTION
Exam (elaborations) • 17
pages
• 2021
ECON 201 EXAM 2 WITH 100% SOLUTION

1.	In which of these instances is demand said to be perfectly inelastic?



a.	A decrease in price of 2% causes a decrease in total revenue of 0%.



b.	An increase in price of 2% causes a decrease in quantity demanded of 2%. c. A decrease in price of 2% causes an increase in quantity demanded of 0%.

d. An increase in price of 2% causes a decrease in quantity demanded of 1/2%.





2.	Hilda’s Hair Hysteria earned $3,750 in total revenue last month when it ...
ECON 201 EXAM 2 WITH 100% SOLUTION
Last document update:
ago
ECON 201 EXAM 2 WITH 100% SOLUTION

1.	In which of these instances is demand said to be perfectly inelastic?



a.	A decrease in price of 2% causes a decrease in total revenue of 0%.



b.	An increase in price of 2% causes a decrease in quantity demanded of 2%. c. A decrease in price of 2% causes an increase in quantity demanded of 0%.

d. An increase in price of 2% causes a decrease in quantity demanded of 1/2%.





2.	Hilda’s Hair Hysteria earned $3,750 in total revenue last month when it ...