samayiarobertso1677 samayiarobertso1677
  • 17-03-2020
  • Business
contestada

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.

Respuesta :

pkinskid pkinskid
  • 17-03-2020

Answer

B. Inelastic

This is because any changes doesn't affect it.

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