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 ...
Calculating Price Elastic of Demand. Products whose sales volumes change more with price shifts are considered to have elastic demand. Goods and services whose sales volumes change little with price alterations are considered to have inelastic demand. To calculate how elastic or inelastic a product is, the percent change in price is divided from the percentage change in quantity demanded. So if sales decrease 40 percent because the price of a good increases 20 percent, the formula is -40 percent divided by 20 percent. The price elasticity of demand is measured at -2.