Multiple Choice
When demand is elastic,what is the price elasticity,and how will price and total revenue behave
A) greater than 1, and price and total revenue will move in opposite directions
B) less than 1, and price and total revenue will move in the same direction
C) less than 1, and price and total revenue will move in opposite directions
D) greater than 1, and price and total revenue will move in the same direction
Correct Answer:
Verified
Correct Answer:
Verified
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