Firm decreases price of good and total revenue decreases

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Reference no: EM131098331

If a firm decreases the price of a good and total revenue decreases, then

A) the demand for this good is price elastic.

B) the demand for this good is price inelastic.

C) the cross elasticity is negative.

D) the income elasticity is less than 1.

Reference no: EM131098331

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