If demand is elastic and price is raised,total revenue will
A) rise.
B) fall.
C) stay the same.
D) possibly rise or possibly fall.
Correct Answer:
Verified
Q2: Which statement is true?
A)A perfectly elastic demand
Q3: An elasticity of 2 would be considered
A)elastic.
B)inelastic.
C)unit
Q4: If price falls from $100 to $99
Q5: Assume that demand is elastic.Of the elasticities
Q6: An elasticity of 0.75 means that a
Q8: A demand curve that is perfectly horizontal
Q9: If demand is inelastic and price is
Q10: When the price of CD players increases
Q11: The lowest possible elasticity shown here is
A)10.
B)1.0.
C)0.1.
D)0.01.
E)0.001.
Q12: 
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