Which statement is correct?

Mar 3rd, 2015
Business Finance
Price: $5 USD

Question description

A. Total revenue from the sale of a good equals the price of the good X the quantity sold

B. A rise in price decreases total revenue

C. A rise in price increases total revenue

D. The change in total revenue that arises from a price change is independent of the price elasticity of demand. 

Tutor Answer

(Top Tutor) iainharlow
School: Carnegie Mellon University

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