Question
An increase in price causes an increase in total revenue when demand is inelastic. always, regardless of how elastic demand is.All of the above are
An increase in price causes an increase in total revenue
when demand is inelastic.
always, regardless of how elastic demand is.All of the above are possible.
when demand is unit elastic.
when demand is elastic.
never.
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The American Economy
Authors: Walter Greason, William Gorman
1st Edition
1524902675, 9781524902674
