The Price-Elasticity Coefficients Are 2

question 158

Multiple Choice

The price-elasticity coefficients are 2.6, 0.5, 1.4, and 0.18 for four different demand schedules,D₁, D₂, D₃, and D₄, respectively. A 2-percent increase in price will result in an increase in total revenues in which of the following cases?

• A)D₁ and D₃
• B)D₁ and D₄
• C)D₂ and D₄
• D)D₁, D₂, and D₃

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