Demand and Supply MCQs

If price and total revenue move in the same direction, then demand is

September 27, 2022

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If price and total revenue move in the same direction, then demand is

Q. If price and total revenue move in the same direction, then demand is:

A. Inelastic

B. Elastic

C. Unrelated

D. Perfectly elastic

Answer: Inelastic

If price and total revenue move in the same direction, then demand is

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