Total revenue increases if price ________ and demand is ________.
A) falls; inelastic
B) falls; unit elastic
C) rises; elastic
D) rises; inelastic

Name: Total revenue increases if price ________ and demand is ________. A) falls; inelastic B) falls; unit elastic C) rises; elastic D) rises; inelastic
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Total revenue increases when price rises and demand is inelastic because consumers are relatively unresponsive to price changes, leading to an increase in revenue despite the higher price.

Total Revenue Increases If Price ________ and Demand Is ________

Total Revenue Increases If Price and Demand Is