Multiple Choice
If the price of a good increases and the total revenue remains the same, the demand for the good is
A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly elastic.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q345: A perfectly elastic demand curve is<br>A) vertical.<br>B)
Q346: If the quantity supplied of candy increases
Q347: The price elasticity of demand is a
Q348: If one's demand for good X decreases
Q349: Price elasticities are calculated for four goods,
Q351: Suppose that the amount of portable power
Q352: One of the most important determinants of
Q353: An absolute price elasticity of demand equal
Q354: When total revenue and price are inversely
Q355: If price elasticity of supply is less