Holding all other forces constant if decreasing the price


Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for the good must be:

a. unit elastic.

b. inelastic.

c. elastic.

d. None of the choices apply, since a price increase always leads to an increase in total revenue.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Holding all other forces constant if decreasing the price
Reference No:- TGS01142665

Expected delivery within 24 Hours