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Other Fields Homework Help Economics Topic started by: Loraine on Jun 20, 2015



Title: The total revenue test says that if a price decrease leads to
Post by: Loraine on Jun 20, 2015
The total revenue test says that if a price decrease leads to
A) an increase in total revenue, demand is income elastic.
B) a decrease in total revenue, demand is income inelastic.
C) a decrease in total revenue, demand is price inelastic.
D) a decrease in total revenue, supply is price inelastic.
E) a decrease in total revenue, supply is price elastic.


Title: Re: The total revenue test says that if a price decrease leads to
Post by: Smoooth on Jul 27, 2015
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Title: Re: The total revenue test says that if a price decrease leads to
Post by: Smoooth on Aug 31, 2015
You're welcome :-]