If demand is _ with respect to price, a price increase will _ total revenue.
If demand is _ with respect to price, a price increase will _ total revenue.
A.inelastic; decrease
B.elastic; increase
C.inelastic; increase
D.unit elastic; decrease
正确答案：inelastic; increase
Tag：微观经济学 中国大学MOOC微观经济学
时间：2021-12-11 14:37:48
- 上一篇：Refer to the figure below. Suppose this demand curve shows the demand for lattes at a single coffee shop that charges $2.00 for a latte. If the manager wants to increase total revenue, what should the manager do?
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