A Decrease in Price Will Result in an Increase in Total

question 23

Multiple Choice

A decrease in price will result in an increase in total revenue if:

• A)the percentage change in quantity demanded is less than the percentage change in price.
• B)the percentage change in quantity demanded is greater than the percentage change in price.
• C)demand is inelastic.
• D)the consumer is operating along a linear demand curve at a point at which the price is very low and the quantity demanded is very high.

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