question archive Regarding price elasticity, which of the following is false? a

Regarding price elasticity, which of the following is false? a

Subject:EconomicsPrice:2.88 Bought3

Regarding price elasticity, which of the following is false?

  • a. In case of inelastic demand, an increase in price increases quantity sold.
  • b. In case of inelastic demand, the lower the price, the lower is the revenue
  • c. In case of unitary demand, consumer expenditure is unchanged if the price increases
  • d. In case of linear demand function, the lower half of the demand curve is inelastic.

Option 1

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