Total revenues increase as output increases along sections of the demand curve that are:
A) downward sloping.
B) price elastic.
C) price inelastic.
D) upward sloping.

Name: Total revenues increase as output increases along sections of the demand curve that are: A) downward sloping. B) price elastic. C) price inelastic. D) upward sloping.
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Question

Quizplus · Accepted Answer

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

Total Revenues Increase as Output Increases Along Sections of the Demand