If a cut in prices increases total revenue in the short run, what will it do to total revenue in the long run?
A)It will decrease total revenue in the long run.
B)It will increase total revenue in the long run.
C)It will leave total revenue unchanged in the long run.
D)Any of the above results are possible in the long run.

Question

If a cut in prices increases total revenue in the short run, what will it do to total revenue in the long run?
A)​It will decrease total revenue in the long run.
B)​It will increase total revenue in the long run.
C)​It will leave total revenue unchanged in the long run.
D)​Any of the above results are possible in the long run.

Quizplus · Accepted Answer

The Answer of If a cut in prices increases total revenue in the short run, what will it do to total revenue in the long run?
A)​It will decrease total revenue in the long run.
B)​It will increase total revenue in the long run.
C)​It will leave total revenue unchanged in the long run.
D)​Any of the above results are possible in the long run.

If a Cut in Prices Increases Total Revenue in the Short