An increase in the price level shifts ae curve a. upward and shifts the ad curve rightward. b. upward and shifts the ad curve leftward. c. downward and shifts the ad curve rightward. d. downward and shifts the ad curve leftward. e. upward and does not shift the ad curve. f. downward and does not shift the ad curve.

Dollar shave club is an ecommerce start-up that delivers razors to its subscribers by mail. by doing this, dollar shave club is using a(n) to disrupt an existing market.a. innovation ecosystem b. architectural innovation c. business model innovation d. incremental innovation

Adecision is made at the margin when each alternative considers

One of the growers is excited by this advancement because now he can sell more crops, which he believes will increase revenue in this market. as an economics student, you can use elasticities to determine whether this change in price will lead to an increase or decrease in total revenue in this market. using the midpoint method, the price elasticity of demand for soybeans between the prices of $5 and $4 per bushel is , which means demand is between these two points. therefore, you would tell the grower that his claim is because total revenue will as a result of the technological advancement.