[Solved] Which of the Following Is False Regarding Inelastic Demand
Which of the following is FALSE regarding inelastic demand?
A)Price elasticity of demand is less than 1 ( < 1).
B)If a firm raises price,total revenues will go up.
C)Price elasticity of demand is greater than 1 ( > 1).
D)If a firm lowers price,total revenues will fall.