When quantity demanded of a good increases, total revenue
A)increases.
B)decreases.
C)increases, if demand is elastic.
D)increases, if demand is inelastic.

Name: When quantity demanded of a good increases, total revenue A)increases. B)decreases. C)increases, if demand is elastic. D)increases, if demand is inelastic.
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Question

Quizplus · Accepted Answer

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

When Quantity Demanded of a Good Increases, Total Revenue