Business Studies, asked by Maanyata6803, 1 year ago

In which of the following cases will total revenue increase?
A) Price rises and demand is inelastic
B) Price falls and supply is inelastic
C) Price rises and demand is elastic
D) Price falls and demand is inelastic

Answers

Answered by amritanshu6

A. price Rises and demand is inelastic.

Answered by bhatiamona

Option C. Price rises and demand is elastic

Total revenue and the price elasticity of demand. The relationship between elasticity of demand and a firm's total revenue is an important one. When demand is inelastic – a rise in price leads to a rise in total revenue. When demand is elastic – a fall in price leads to a rise in total revenue.

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