A for the Total revenue test.. more accurately it should be based along the lines of lower prices= lower revenues (inelastic) and higher prices= greater revenue; conversely with elastic demand lower prices = greater revenue and higher prices= lower revenue.
A for the Total revenue test.. more accurately it should be based along the lines of lower prices= lower revenues (inelastic) and higher prices= greater revenue; conversely with elastic demand lower prices = greater revenue and higher prices= lower revenue.
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