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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
If, when the price falls, total revenue increases, demand is
A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly inelastic.
E) None of the above answers is correct because total revenue always decreases when the price of the good falls.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
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#2
8 years ago
No problemo Happy Dummy
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