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-When demand is inelastic, an increase in price causes quantity demanded to __________ and total revenue to _________.
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Q18: Fill in the blanks.
-When demand is inelastic,
Q19: Fill in the blanks.
-When demand is elastic,
Q20: Fill in the blanks.
-When demand is unitary
Q21: Fill in the blanks.
-When a change in
Q22: Fill in the blanks.
-When demand is elastic,
Q24: Fill in the blanks.
-When demand is unitary
Q25: Fill in the blanks.
-If price falls and
Q26: Fill in the blanks.
-If price rises and
Q27: Fill in the blanks.
-If price rises and
Q28: Use the figure below to answer the
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