8- If a 10 percent cut in price causes a 15 percent increase in sales, then: Que

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8- If a 10 percent cut in price causes a 15 percent increase in sales, then: Question 8 options:
a- total revenue will decrease.
b- demand is price inelastic in this range.
c- demand is price elastic in this range.
d- demand is unit elastic in this range.
e- total revenue will remain the same. 8- If a 10 percent cut in price causes a 15 percent increase in sales, then: 8- If a 10 percent cut in price causes a 15 percent increase in sales, then:
a- total revenue will decrease.
b- demand is price inelastic in this range.
c- demand is price elastic in this range.
d- demand is unit elastic in this range.
e- total revenue will remain the same. a- total revenue will decrease. b- demand is price inelastic in this range. c- demand is price elastic in this range. d- demand is unit elastic in this range. e- total revenue will remain the same.
a- total revenue will decrease.
b- demand is price inelastic in this range.
c- demand is price elastic in this range.
d- demand is unit elastic in this range.
e- total revenue will remain the same.

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