Tuesday
May 21, 2013

Homework Help: Economics

Posted by Rosa on Tuesday, January 19, 2010 at 1:18am.

If demand is price elastic, total revenue is
a.directly related to quantity demanded
b.inversely related to quantity demanded
c.directly related to price
d.directly related to price and inversely related to quantity demanded
e.not related to either price or to quantity demanded

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