Essay
If demand is elastic, then:
A.the price effect dominates the quantity effect, and a fall in the price will cause total revenue to rise.
B.the price effect dominates the quantity effect, and an increase in the price will cause total revenue to rise.
C.the quantity effect dominates the price effect, and an increase in the price causes total revenue to rise.
D.the quantity effect dominates the price effect, and a decrease in the price causes total revenue to rise.
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