Accountancy, asked by bevandsouza02, 3 months ago

When the price of a product rises and elasticity of demand = 1, the total revenue​

Answers

Answered by Anonymous
1

\huge\bold\red{αηsωεя}

  • In economics, the total revenue test is a means for determining whether demand is elastic or inelastic. If an increase in price causes an increase in total revenue, then demand can be said to be inelastic, since the increase in price does not have a large impact on quantity demanded.

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Answered by pragok
0

Answer:

..........hmmm; mmmmmm

Explanation:

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