If the demand curve is elastic a price ________ causes a(n) ________ in revenues.
A) decrease; decrease
B) increase; increase
C) decrease; increase
D) There is not enough information to answer.

Question

Quizplus · Accepted Answer

When the demand curve is elastic, a decrease in price leads to a proportionally larger increase in quantity demanded, resulting in an increase in total revenue.

If the Demand Curve Is Elastic a Price ________ Causes