Looking at the Relationship Between Elasticity and Total Revenue, We

Multiple Choice

Looking at the relationship between elasticity and total revenue, we can see that ____.

A) b and c
B) when demand is unit elastic, small price changes don't change total revenue
C) when a good is price inelastic, revenue increases when prices increase
D) when a good is price elastic, revenue increases when prices increase
E) total revenue is maximized when the elasticity has stopped changing