Holding All Other Forces Constant,if Decreasing the Price of a Good

question 267

Multiple Choice

Holding all other forces constant,if decreasing the price of a good leads to an increase in total revenue,then the demand for the good must be

• A) unit elastic.
• B) inelastic.
• C) elastic.
• D) None of the above is correct because a price increase always leads to an increase in total revenue.

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Definitions:

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