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If you cut your prices by 10 percent and total revenues rise, the price elasticity of demand is a. zero. b. inelastic. c. less than 0.5 in absolute value. d. greater than 1 in a…

If you cut your prices by 10 percent and total revenues rise, the price elasticity of demand is a. zero. b. inelastic. c. less than 0.5 in absolute value. d. greater than 1 in a…
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If you cut your prices by 10 percent and total revenues rise, the price elasticity of demand is

a.
zero.

b.
inelastic.

c.
less than 0.5 in absolute value.

d.
greater than 1 in absolute value.

asked
User Peter Centellini
by
8.5k points

1 Answer

4 votes

Answer

B. Inelastic

This is because any changes doesn't affect it.

answered
User Sprite
by
8.3k points
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