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How will a decrease in price affect a firm's revenues?

Mairoon

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Posts: 850

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7 years ago

How will a decrease in price affect a firm's revenues?

How will a decrease in price affect a firm's revenues?
A) It depends on the price elasticity of demand.
B) Revenues will stay the same.
C) Revenues will decrease.
D) Revenues will increase.

Textbook

Microeconomics

Microeconomics

Edition: 6^th

Author: Perloff

Read 79 times

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TecShdw

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Mairoon Author

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Just got PERFECT on my quiz

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this is exactly what I needed

lubennick

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Smart ... Thanks!

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