Multiple Choice
Which of the following is not possible?
A) Demand is elastic,and a decrease in price causes an increase in revenue.
B) Demand is unit elastic,and a decrease in price causes an increase in revenue.
C) Demand is inelastic,and an increase in price causes an increase in revenue.
D) Demand is perfectly inelastic,and an increase in price causes an increase in revenue.
Correct Answer:
Verified
Correct Answer:
Verified
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