Price and total revenue are directly related when demand is

A) price elastic.
B) price inelastic.
C) unit price elastic.
D) perfectly price elastic.

Price Inelastic

Describes a situation where the demand for a product does not change significantly with a change in its price.

Total Revenue

The overall amount of money generated by a firm from its business activities, typically from the sale of goods and services before any costs are subtracted.