Question

if demand is price elasticity​

Answer 1

Answer:

Generally as rules of thumb, if the quantity of a good demanded or purchased changes more than the price change, the product is termed elastic. ... If the change in quantity purchased is the same as the price change (say, 10%/10% = 1), the product is said to have unit (or unitary) price elasticity.

Answer 2

If demand is price Elastic then decreasing price will increase revenue.