21. An increase in price causes an increase in total revenue when: a demand is elastic 6) demand is inelastic C. demand is unit elastic d. All of the above are possible.
21. An increase in price causes an increase in total revenue when: a demand is elastic 6) demand is inelastic C. demand is unit elastic d. All of the above are possible.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 1SQP
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