Multiple Choice
In the market for computers,if the demand curve is elastic and the price of a computer decreases,we expect total revenue to _____.If the demand curve is inelastic and the price of a computer decreases,we expect total revenue to _____.
A) increase;decrease
B) increase;increase
C) decrease;increase
D) decrease;decrease
Correct Answer:
Verified
Correct Answer:
Verified
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