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28 Sep 2019
Holding all other forces constant, if increasing the price of a good leads to a decrease in total revenue, then the demand for the good must be
Select one:
a. unit elastic.
b. inelastic.
c. elastic.
d. None of the above is correct because a price increase always leads to a decrease in total revenue.
Holding all other forces constant, if increasing the price of a good leads to a decrease in total revenue, then the demand for the good must be
Select one:
a. unit elastic.
b. inelastic.
c. elastic.
d. None of the above is correct because a price increase always leads to a decrease in total revenue.
Chika IlonahLv10
28 Sep 2019
