Which of the following statements is incorrect?
A)If a firm decreases the price of its product, its total revenue will decrease.
B)The own price elasticity of demand is constant at all points along a linear demand curve.
C)As the price of X falls and we move down an individual's demand curve for X, the money income of the individual also changes.
D)None of the statements associated with this question are correct.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is incorrect?
A)If a firm decreases the price of its product, its total revenue will decrease.
B)The own price elasticity of demand is constant at all points along a linear demand curve.
C)As the price of X falls and we move down an individual's demand curve for X, the money income of the individual also changes.
D)None of the statements associated with this question are correct.

Which of the Following Statements Is Incorrect