Solved

Holding All Other Forces Constant,if Increasing the Price of a Good

Question 267

Multiple Choice

Holding all other forces constant,if increasing the price of a good leads to a decrease in total revenue,then the demand for the good must be

A) unit elastic.
B) inelastic.
C) elastic.
D) None of the above is correct because a price increase always leads to an decrease in total revenue.

Related Questions

Q262: Figure 5-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 5-3

Q263: If the quantity demanded of a certain

Q264: For which pairs of goods is the

Q265: Suppose that when the price of good

Q266: Figure 5-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 5-4

Q268: As we move downward and to the

Q269: There are very few,if any,good substitutes for

Q270: The demand for Godiva mint chocolates is

Q271: Figure 5-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 5-4

Q272: Demand is elastic if the price elasticity