Total revenue will increase if the price goes _____ and demand is _____. a) up; unit elastic b) up; price-inelastic c) down; price-inelastic d) up; price-elastic

Total revenue will increase if the price goes _ and demand is _. a) up; unit elastic b) up; price-inelastic c) down; price-inelastic d) up; price-elastic

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 2SQ

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Normal and Inferior Goods

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Total revenue will increase if the price goes _____ and demand is _____. a) up; unit elastic b) up; price-inelastic c) down; price-inelastic d) up; price-elastic

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