Which of the following is false?
A)When demand is elastic, quantity and total revenue change in the same direction along it.
B)When demand is inelastic, quantity and total revenue change in the opposite direction along it.
C)When supply is elastic, quantity and total revenue change in the same direction along it.
D)When supply is inelastic, quantity and total revenue change in the opposite direction along it.

Question

Which of the following is false?
A)​When demand is elastic, quantity and total revenue change in the same direction along it.
B)​When demand is inelastic, quantity and total revenue change in the opposite direction along it.
C)​When supply is elastic, quantity and total revenue change in the same direction along it.
D)​When supply is inelastic, quantity and total revenue change in the opposite direction along it.

Quizplus · Accepted Answer

The Answer of Which of the following is false?
A)​When demand is elastic, quantity and total revenue change in the same direction along it.
B)​When demand is inelastic, quantity and total revenue change in the opposite direction along it.
C)​When supply is elastic, quantity and total revenue change in the same direction along it.
D)​When supply is inelastic, quantity and total revenue change in the opposite direction along it.

Which of the Following Is False