question archive If price falls and total revenue rises, demand must be: a
If price falls and total revenue rises, demand must be: a
Subject:EconomicsPrice:2.88 Bought3
If price falls and total revenue rises, demand must be:
a. relatively elastic
b. unitary elastic
c. relatively inelastic
Purchase A New Answer
Custom new solution created by our subject matter experts
GET A QUOTE
Answer Preview
As a general rule, if there's an increase in price and at the same time an increase in revenue, it means that the demand is inelastic. However, if the price falls and the total revenue rises, then demand will be relatively elastic. So, option choice a. is the correct answer.
