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 ...
That is known as being perfectly inelastic. It occurs when the ratio of quantity demanded to price is between zero (perfectly inelastic) and one (unit elastic). For example, beef prices in 2014 rose 28 percent, but demand only fell 14.9 percent.