Which of the Following Is FALSE Regarding Inelastic Demand

question 112

Multiple Choice

Which of the following is FALSE regarding inelastic demand?

• A)Price elasticity of demand is less than 1 ( < 1).
• B)If a firm raises price, total revenues will go up.
• C)Price elasticity of demand is greater than 1 ( > 1).
• D)If a firm lowers price, total revenues will fall.

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