When price decreases and total revenue falls,how can demand be described?
A)as elastic
B)as inelastic
C)as unitary
D)as stable

Name: When price decreases and total revenue falls,how can demand be described? A)as elastic B)as inelastic C)as unitary D)as stable
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When price decreases and total revenue falls, demand is inelastic because the percentage change in quantity demanded is less than the percentage change in price.

When Price Decreases and Total Revenue Falls,how Can Demand Be