6- If demand is price elastic, a decrease in price causes: Question 6 options: a

Question

6- If demand is price elastic, a decrease in price causes: Question 6 options:
a- an increase in total revenue.
b- a decrease in total revenue.
c- no change in total revenue.
d- an increase in quantity, but anything can happen to revenue. 6- If demand is price elastic, a decrease in price causes: 6- If demand is price elastic, a decrease in price causes:
a- an increase in total revenue.
b- a decrease in total revenue.
c- no change in total revenue.
d- an increase in quantity, but anything can happen to revenue. a- an increase in total revenue. b- a decrease in total revenue. c- no change in total revenue. d- an increase in quantity, but anything can happen to revenue.
a- an increase in total revenue.
b- a decrease in total revenue.
c- no change in total revenue.
d- an increase in quantity, but anything can happen to revenue.

Explanation / Answer

d- an increase in quantity, but anything can happen to revenue

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