Solved

If the Price of a Good Is Decreased and Total

Question 6

Multiple Choice

If the price of a good is decreased and total revenue received from the sale of this good does not change,then the price elasticity of demand for the good is


A) elastic.
B) inelastic.
C) unitary.
D) None of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions