There is no total revenue test for price elasticity of supply because:
A)price and quantity are usually inversely related.
B)price and quantity are usually positively related.
C)total revenue will not usually change in the direction of a supply price
D)change.price and quantity are always negatively related.

Question

Quizplus · Accepted Answer

Price and quantity are usually positively related in the context of supply, meaning that as price increases, quantity supplied also increases, which does not allow for a total revenue test like in demand.

There Is No Total Revenue Test for Price Elasticity of Supply