[Solved] Which of the Following Is False Regarding Inelastic Demand

Question 201
Multiple Choice

Which of the following is FALSE regarding inelastic demand?

A)Price elasticity of demand is less than 1 ( img < 1).
B)If a firm raises price,total revenues will go up.
C)Price elasticity of demand is greater than 1 ( img > 1).
D)If a firm lowers price,total revenues will fall.

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