The List Below Refers to the Price Elasticity of Demand

question 137

Multiple Choice

The list below refers to the price elasticity of demand.
1) perfectly inelastic
2) perfectly elastic
3) unitary elasticity
4) elastic
5) inelastic
-Refer to the information above to answer this question.What is a demand when an increase in price raises total revenue?

• A)1.
• B)2.
• C)3.
• D)4.
• E)5.

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