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What will happen: quantity/revenue if the demand of laptops is price inelastic


label Economics
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An advance in technology lowers the price of a laptop.

If the demand for laptops is price inelastic, the quantity of laptops sold will __________ and total revenue will___________? (Decrease/increase for first blank and rise/fall for second)

Nov 24th, 2017

If the demand for laptops is price inelastic, the quantity of laptops sold will  DECREASE and total revenue will_RISE

Mar 3rd, 2015

Calvin has 14 more kazoos than 3 times the amount of gary. All together they have 118 Kazoos. How many does each person have?

Jul 24th, 2015

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