If at Current Prices, the Demand for a Good Is

question 69

Multiple Choice

If at current prices, the demand for a good is price-elastic, then for movements along the demand curve,

• A)increasing the price will increase revenue.
• B)decreasing the price will decrease revenue.
• C)increasing the quantity sold will increase revenue.
• D)increasing the quantity sold will decrease revenue.
• E)More than one of the above statements are true.

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