Higher prices will increase total revenue if
A. Demand is inelastic.
B. The price elasticity of demand is zero.
C. Demand is unitary elastic.
D. Demand is elastic.
Answer: A
Economics
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Profit maximization depends upon demand conditions, as well as upon productivity and costs
a. True b. False
Economics
Refer to the above table. The marginal propensity to consume is:
Answer the following question based on the table below which illustrates the multiplier process resulting from an autonomous increase in investment by $5.
A. 0.5
B. 0.75
C. 0.8
D. 0.9
Economics