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 ...
If demand is inelastic, we know that the increase in price will cause quantity demanded to fall just a little. When price goes up, quantity demanded goes down, but not by much. To be precise, when demand is inelastic, the percentage change in quantity demanded is smaller than the percentage change in price.f price goes up and quantity remains unchanged, total revenue will rise. But the second effect is that quantity in fact will not remain unchanged. When price goes up, the quantity demanded (and therefore the quantity sold) goes down. And by itself, the lower quantity causes total revenue to go down.