2
answers
0
watching
90
views
28 Nov 2020
In which of the following situations will total revenue increase?
A. Price elasticity of demand is 1.2, and the price of the good decreases.
B. Price elasticity of demand is 0.5, and the price of the good increases.
C. Price elasticity of demand is 3.0, and the price of the good decreases.
D. All the above.
In which of the following situations will total revenue increase?
A. Price elasticity of demand is 1.2, and the price of the good decreases.
B. Price elasticity of demand is 0.5, and the price of the good increases.
C. Price elasticity of demand is 3.0, and the price of the good decreases.
D. All the above.
Divya SinghLv10
13 Jan 2021
Already have an account? Log in
