Multiple Choice
Which of the following is false?
A) When demand is elastic, quantity and total revenue change in the same direction along it.
B) When demand is inelastic, quantity and total revenue change in the opposite direction along it.
C) When supply is elastic, quantity and total revenue change in the same direction along it.
D) When supply is inelastic, quantity and total revenue change in the opposite direction along it.
Correct Answer:
Verified
Correct Answer:
Verified
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