Products X,Y,and Z have price elasticities of 3.0,0.80,and 1.0 respectively.Total revenue decreases if the price of
A) product X falls.
B) product Y falls.
C) product Z falls.
D) product X or product Z fall.
E) product Y or product Z fall.

Question

Quizplus · Accepted Answer

The Answer of Products X,Y,and Z have price elasticities of 3.0,0.80,and 1.0 respectively.Total revenue decreases if the price of
A) product X falls.
B) product Y falls.
C) product Z falls.
D) product X or product Z fall.
E) product Y or product Z fall.

Products X,Y,and Z Have Price Elasticities of 3