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Author Question: When demand is price inelastic, total expenditure will vary directly with price but inversely with ... (Read 88 times)

K@

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Question 1

If price falls and demand is inelastic, then total revenue should rise.
◦ true
◦ false

Question 2

When demand is price​ inelastic, total expenditure will vary directly with price but inversely with quantity demanded.
◦ true
◦ false


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Marked as best answer by K@ on May 25, 2020

Galvarado142

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K@

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Reply 2 on: May 25, 2020
Excellent


cassie_ragen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

 

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