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

question 267

Multiple Choice

Holding all other forces constant,if increasing the price of a good leads to a decrease 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 decrease in total revenue.

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