question archive Total revenue will decrease, as the price of a good falls, if the price elasticity of demand for the good is: a
Total revenue will decrease, as the price of a good falls, if the price elasticity of demand for the good is: a
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Total revenue will decrease, as the price of a good falls, if the price elasticity of demand for the good is:
a. Elastic demand and the elasticity is greater than 1.
b. Inelastic demand and the elasticity is greater than 1.
c. Unit elastic demand.
d. Perfectly inelastic demand.
e. Inelastic demand and the elasticity is less than 1.
Option 1
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