When the demand for a commodity is inelastic, total revenue will fall if

Home » Past Questions » Economics » Waec » 1988 » When the demand for a commodity is inelastic, total revenue will fall if
Economics WAEC 1988

When the demand for a commodity is inelastic, total revenue will fall if

  • Price is increased
  • Price is reduced checkmark
  • Price remains constant
  • Price is not given
  • The commodity is a luxury

The correct answer is: B

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment