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 ...
Inelastic supply means an increase in price causes a smaller % change in supply. It means firms have difficulty increasing supply in response to a rise in price. 1  Potatoes in the short term.