Computer Science, asked by tahmina3590, 2 months ago

Does revenue increase or decrease if the demand curve is inelastic at the initial price? How does it change if the demand curve is elastic?​

Answers

Answered by mr40718
1

Answer:

If demand is price inelastic, then increasing price will decrease revenue. b) If demand is price elastic, then decreasing price will increase revenue. c) If demand is perfectly inelastic, then revenue is the same at any price.

Explanation:

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