We know that the demand for a product is elastic if-08991
We know that the demand for a product is elastic if:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term - Quiz No.5.
We know that the demand for a product is elastic if:
When price rises, revenue rises.
When price rises, revenue falls.
When price rises, quantity demanded rises.
When price falls, quantity demanded rises.
