Multiple Choice
If a decrease in price decreases a monopolist's total revenue, then
A) demand is elastic.
B) demand is inelastic.
C) demand is unit elastic.
D) the law of demand is violated.
Correct Answer:
Verified
Related Questions
If a decrease in price decreases a monopolist's total revenue, then
A) demand is elastic.
B) demand is inelastic.
C) demand is unit elastic.
D) the law of demand is violated.
Correct Answer:
Verified
