Question

15 % increase in advertising expenditure, 5 % increase in price, ep = -1.5 and ea= 0.7 would there be increase or decrease in total revenue?​

Answer 1

Answer:

Retail sales rose unexpectedly in September, as American consumers shook off fast-rising prices, shortages of goods, and the Delta variant outbreak in many parts of the country.

It was the second straight month of gains. Sales climbed 0.7 percent in September, following a 0.9 percent gain in August, the Commerce Department reported. The increase in spending was broad-based, with sales at restaurants and bars, clothing stores and home goods stores climbing.

The sales data measures dollars spent at businesses in the United States, so the increase partly reflects inflation in the cost of everyday products from food to gasoline. Consumer prices are increasing at the fastest pace in years, a phenomenon largely attributed to the uneven reopening of the global economy.

Explanation:

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