When demand is elastic, a decrease in price causes quantity demanded to ____________ and total… 1 answer below »

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a. When demand is elastic, a decrease in price causes quantity demanded to ____________ and total revenue to ___________.

b. When demand is inelastic, an increase in price causes quantity demanded to ____________ and total revenue to ____________.

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c. When demand is unitary elastic, a decrease in price causes quantity demanded to _________________ and total revenue to _________________.

d. If quantity decreases and total revenue falls, demand must be _________.

e. If quantity decreases and total revenue stays the same, demand must be _________.

f. If quantity increases and total revenue rises, demand must be __________.

 

 

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