If you raise your prices on the product you sell, you will always increase total revenue.

Name: If you raise your prices on the product you sell, you will always increase total revenue.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Increasing prices does not always lead to an increase in total revenue. It could potentially decrease demand and lead to a decrease in sales, resulting in a decrease in total revenue. The relationship between price and total revenue depends on factors such as elasticity of demand and competition in the market.

If You Raise Your Prices on the Product You Sell