When demand is elastic,if we were to raise price,total revenue would _______;when demand is inelastic,if we were to raise price,total revenue would ______.

Name: When demand is elastic,if we were to raise price,total revenue would _______;when demand is inelastic,if we were to raise price,total revenue would ______.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

The Answer of When demand is elastic,if we were to raise price,total revenue would _______;when demand is inelastic,if we were to raise price,total revenue would ______.

When Demand Is Elastic,if We Were to Raise Price,total Revenue