Multiple Choice
The total revenue test says that if a price decrease leads to
A) an increase in total revenue, supply is elastic.
B) a decrease in total revenue, supply is unit elastic.
C) a decrease in total revenue, supply is inelastic.
D) an increase in total revenue, supply is inelastic.
E) None of the above answers is correct.
Correct Answer:
Verified
Correct Answer:
Verified
Q72: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1458/.jpg" alt=" -Using the table
Q73: If Pepsi goes on sale and decreases
Q74: If the income elasticity of demand for
Q75: When the price of a textbook is
Q76: If a good is a necessity,it has
Q78: The longer the time that has elapsed
Q79: If the price elasticity of demand for
Q80: The income elasticity of demand is _
Q81: If the price of a Brita water
Q82: The income elasticity of demand is a