If demand is elastic, a price ________ causes ________ in total revenue.
A) decrease; a decrease
B) increase; an increase
C) decrease; an increase
D) increase; no change.

Name: If demand is elastic, a price ________ causes ________ in total revenue. A) decrease; a decrease B) increase; an increase C) decrease; an increase D) increase; no change.
Brand: Quizplus
Rating: 4.7 (28 reviews)

Question

Quizplus · Accepted Answer

When demand is elastic, a decrease in price leads to a proportionally larger increase in quantity demanded, resulting in an increase in total revenue.

If Demand Is Elastic, a Price ________ Causes ________ in Total

If Demand Is Elastic, a Price Causes in Total