Spring Sale Special Limited Time 65% Discount Offer - Ends in 0d 00h 00m 00s - Coupon code: ac4s65

If, when the price of a good increases, the total revenue received by the supplier...

CIMA BA1 Full Course Access
CIMA BA1 View All Questions

If, when the price of a good increases, the total revenue received by the supplier decreases, then

A.

the demand for the good must be price inelastic

B.

the demand for the good must be price elastic

C.

the demand for the good must have unitary elasticity

D.

the supply of the good must be price inelastic

BA1 PDF/Engine
  • Printable Format
  • Value of Money
  • 100% Pass Assurance
  • Verified Answers
  • Researched by Industry Experts
  • Based on Real Exams Scenarios
  • 100% Real Questions
buy now BA1 pdf
Get 65% Discount on All Products, Use Coupon: "ac4s65"
Next
A market is in equilibrium.
Porter describes differentiation as a firm having a unique product or service that is valued...
Previous