Question
if total revenue of good falls with fall in price , this indicates 1.the price elasticity of demand is less than one 2.the good to
if total revenue of good falls with fall in price , this indicates
1.the price elasticity of demand is less than one
2.the good to be inferior one
3.taste for the good is declining
4.the good is being produced under conditions of decreasing cost
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Introduction to Econometrics
Authors: James H. Stock, Mark W. Watson
3rd edition
133595420, 978-0138009007, 138009007, 978-0133486872, 133486877, 978-0133595420
