Quick Answer. The dark reactions of photosynthesis produce sugar phosphate molecules with three carbon atoms each. These reactions, known as the Calvin cycle, are called dark reactions because they do not use light energy directly, but they still depend on the energy captured from light and only occur during the day. Continue Reading.
o If demand is inelastic, then an increase in price causes an increase in total revenue o If demand is elastic, an increase in the price causes a decrease in total revenue â¢ When demand is inelastic (a price elasticity less than 1), price and total revenue move in the same direction â¢ When demand is elastic (a price elasticity greater than 1), price and total revenue move in opposite directions â¢ If demand is unit elastic (a price elasticity exactly equal to 1), total revenue remains ...
An inelastic demand is one that is not very sensitive to price change, such that the percent change in quantity demanded will be less than the percent change in price. As seen in the price point elasticity of demand example, inelastic demand has a price elasticity between zero and negative one, not inclusive.