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Question 19

If an increase in the price of a commodity leads to an increase in total revenue, then it means that the demand for this commodity is

  • A.normal
  • B.elastic
  • C.inelastic
  • D.abnormal
Objective

Question details

Exam body
RSUT
Subject
Economics
Year
2009/2010
Question no.
#19
Type
Objective
Previous · Q18Which of the following factors is an important determinant of the magnitude of… Next · Q20 Given that the elasticity of demand for a commodity is 2.5, the percentage…

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