Total revenue will increase if price
A) rises and demand is elastic.
B) rises and demand is unit elastic.
C) falls and demand is inelastic.
D) falls and demand is elastic.
Correct Answer:
Verified
Q25: In general, the fewer the substitutes available
Q27: The elasticity closest to unit elastic would
Q28: In general, the more the substitutes available
Q29: A firm that changes its price and
Q31: An elasticity of 1.5 means that a
Q33: A perfectly inelastic demand curve is
A)a vertical
Q34: Movement from the lower to the upper
Q36: If more substitutes become available demand tends
Q37: Which of these elasticities is the least
Q40: 
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