kingsteward7510 kingsteward7510
  • 10-10-2017
  • Business
contestada

Total revenue falls as the price of a good is raised, if the demand for the good is:

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andriansp andriansp
  • 17-10-2017
the answer to this question is Elastic
Elastic goods refers to the type of goods which order could be easily influenced by the price volatility.
When the price of elastic good is raised, the customers will reduce their demand upon that product which lead to total revenue falls.
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