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If the price of a good rises and as a result total revenue falls, then it must be true that

alphalions

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10 months ago

If the price of a good rises and as a result total revenue falls, then it must be true that

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cross elasticity of demand for the good is negative.

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price elasticity of demand for the good is less than 1.

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income elasticity of demand for the good is positive.

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b and c

▸

none of the above

Textbook

Economics

Edition: 12^th

Author: Arnold

Read 38 times

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bcyber

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More solutions for this book are available here

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alphalions Author

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10 months ago

Correct

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