Question

An increase in price will result in an increase in total revenue if:
(a) the percentage change in quantity demanded is less than the percentage change in price.
(b) the percentage change in quantity demanded is greater than the percentage change in price.
(c) demand is elastic.
(d) the consumer is operating along a linear demand curve at a point at which the price is very hi
and the quantity demanded is very low.​

Answer 1

Explanation:

total revenue(total expenditure), indicates direct relation so demand will be inelastic (E<1). As per total outlay method and also E<1 will be happened under % method when %ΔQ<%ΔP