The List Below Refers to the Price Elasticity of Demand

question 15

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 a decrease in price increases total revenue?

• A)1.
• B)2.
• C)3.
• D)4.
• E)5.

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