Question 16
If an increase in the price of a commodity leads to an increase in total revenue, then it follows that the demand for the commodity is
Objective
Question details
- Exam body
- UI
- Subject
- Economics
- Year
- 2014/2015
- Question no.
- #16
- Type
- Objective
More from this paper
- Q12Which of the following is NOT a measure of dispersion
- Q13A normal good with close substitutes is likely to have its price elasticity of…
- Q14Demand for a factor of production is
- Q18The impact of a change in the price of commodity A on the quantity demanded of…
- Q19The change that is due to a movement from one supply curve to another along the…
- Q20When the supply of a commodity is fixed, its price elasticity of supply is said…