Which of the Following Is Not True Regarding a Price

question 220

Multiple Choice

Which of the following is not true regarding a price elastic demand curve?

• A) Total revenue increases when price falls.
• B) The absolute value of price elasticity is a fraction less than 1.
• C) The absolute value of price elasticity is greater than 1.
• D) The percentage changes in quantity exceed the percentage changes in price for any small change in price.

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