Economy, asked by sunanagupta3, 3 days ago

if tr increases due to fall in the price of the product then

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Answered by Naziyakhan52
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Answer:

It may be recalled that the demand for a commodity is said to be price elastic if total revenue increases (falls) as price increases (falls). And if TR remains constant whether P falls or rises, demand is said to be unitary elastic. ... When the prices of such products fall, there is not much fall in quantity demanded.

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