Multiple Choice
If the demand for sushi is downward sloping,what will a decrease in the price of sushi do
A) If the elasticity of demand is elastic, it will increase the total revenue of sushi sellers.
B) If the elasticity of demand is elastic, it will decrease the total revenue of sushi sellers.
C) If the elasticity of demand is inelastic, it will increase the total revenue of sushi sellers.
D) If the elasticity of demand is perfectly elastic, it will not change the total revenue of sushi sellers.
Correct Answer:
Verified
Correct Answer:
Verified
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