If Price Falls by 10 Percent, Total Revenue

question 83

Multiple Choice

If price falls by 10 percent, total revenue

• A)rises if quantity demanded changes by 10 percent.
• B)rises if quantity demanded does not change.
• C)rises if quantity demanded changes by less than 10 percent.
• D)falls if quantity demanded changes by 10 percent.
• E)falls if quantity demanded changes by less than 10 percent.