question archive If a firm decreases the price of a good and total revenue decreases, then A
If a firm decreases the price of a good and total revenue decreases, then A
Subject:EconomicsPrice:2.88 Bought3
If a firm decreases the price of a good and total revenue decreases, then
A. the demand for this good is price elastic.
B. the demand for this good is price inelastic.
C. the cross-price elasticity is negative.
D. the income elasticity is less than 1.
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