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Cindy Campos
on Oct 26, 2024

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If total revenue goes down when the price falls,demand is said to:

A) be price-inelastic.
B) be price unit-elastic.
C) be price-elastic.
D) have positive price elasticity.

Total Revenue

The aggregate income a company generates from its sales of products or delivery of services over a designated period.

Price Falls

A decrease in the market price of a good or service, which can affect consumer demand, producer supply, and overall market equilibrium.

  • Deduce the relationship between price elasticity of demand and total revenue.
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Karanveer SinghOct 31, 2024
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