If demand is elastic,the _____ effect dominates the _____ effect,and a(n)_____ in price will cause total revenue to rise.
A)price;quantity;decrease
B)price;quantity;increase
C)quantity;price;increase.
D)quantity;price;decrease

Question

Quizplus · Accepted Answer

When demand is elastic, the quantity effect dominates the price effect, meaning that a decrease in price will lead to a proportionally larger increase in quantity demanded, causing total revenue to rise.

If Demand Is Elastic,the _____ Effect Dominates the _____ Effect,and

If Demand Is Elastic,the _ Effect Dominates the _ Effect,and