Holding all other forces constant,if increasing the price of a good leads to an increase in total revenue,then the demand for the good must be

Question

Quizplus · Accepted Answer

If an increase in price led to an increase in total revenue, it implies that the quantity demanded did not decrease enough to offset the increase in price. This means that the demand for the good is relatively inelastic.

Holding All Other Forces Constant,if Increasing the Price of a Good