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Econ Question - Inferior Goods

  1. Feb 3, 2007 #1
    Hello~

    I new here and I'd like a little help please.

    Here is the question:
    Suppose demand is given by Q = 30 – 3P. Does this indicate increasing prices increases revenue?

    I'm not sure how to go about figuring this out....what should I look for?

    Thank you in advance!
     
  2. jcsd
  3. Feb 3, 2007 #2
    moving this request to the homework section
     
  4. Feb 4, 2007 #3
    Revenue is P*Q, so you take P*Q and you tell me if increasing the price will increase revenue.
     
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