Price of a good leads to an increase in total revenue

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Reference no: EM13859902

Holding all other forces constant, if decreasing the price of a good leads to an increase in total revenue, then the demand for the good must be:

a. unit elastic.

b. inelastic.

c. elastic.

d. None of the choices apply, since a price increase always leads to an increase in total revenue.

Reference no: EM13859902

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