Math, asked by adib646, 4 months ago

For elastic demand, apply positive relation between price and revenue.​

Answers

Answered by payalsinghhere
0

Answer:

As a result, the relationship between elasticity and revenue can be described for any good: When the price elasticity of demand for a good is perfectly inelastic (Ed = 0), changes in the price do not affect the quantity demanded for the good; raising prices will always cause total revenue to increase.

Step-by-step explanation:

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