Elasticity and Total Revenue
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Last updated over 2 years ago
10 questions
1
Look at the table above. What is the elasticity of demand for gasoline?
Look at the table above. What is the elasticity of demand for gasoline?
1
What's the shortcut for determining whether a demand curve is elastic of not?
What's the shortcut for determining whether a demand curve is elastic of not?
1
***Eyeball the above total revenues and remember our body mnemonic.***
***Eyeball the above total revenues and remember our body mnemonic.***
1
Look at the table above. What's the elasticity of demand for computers?
Look at the table above. What's the elasticity of demand for computers?
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This is not the same question as question #2.
This is not the same question as question #2.
1
Click on all of the below that are examples of excise taxes.
Click on all of the below that are examples of excise taxes.
1
Analyze the above slide again. Please.
Who takes the brunt of the tax incidence of an excise tax when demand is more inelastic than supply?
Analyze the above slide again. Please.
Who takes the brunt of the tax incidence of an excise tax when demand is more inelastic than supply?
1
How about when supply is more inelastic?
How about when supply is more inelastic?