Total revenue falls as the price of a good is raised, if the demand for the good is:
A. Elastic
B. Inelastic
C. Unitary elastic
D. Perfectly elastic
A. Elastic
Economics
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A retail store cuts the prices of the products it sells to force its competitor to leave the market. This is prohibited by the
A) Sherman Act. B) Robinson-Patman Act. C) Aldrich Act. D) FTC Act.
Economics
Which of the following is associated with an increase in potential output?
A. An increase in the target inflation rate B. A decrease in the target rate of capacity utilization C. An increase in the target rate of unemployment D. A decrease in the target rate of unemployment
Economics