9 answers

Multiple choice

Question:

57) When a firm changes its price, the change in total revenue
a. depends on the value of the price elasticity of demand and the direction of the price change.
b. is zero.
c. is negative.
d. is positive.

Answers

A. depends on the value of the price elasticity of demand and the direction of the price change..

A. depends on the value of the price elasticity of demand and the direction of the price change..

Negative
.

57) When a firm changes its price, the change in total revenue
a. depends on the value of the price elasticity of demand and the direction of the price change.
b. is zero.
c. is negative.
d. is positive.

.

A. depends on the value of the price elasticity of demand and the direction of the price change.
.

A).

A. depends on the value of the price elasticity of demand and the direction of the price change.

since the change in price is not known...it may be positive or negative or ezero.

A. depends on the value of the price elasticity of demand and the direction of the price change..

Depends on the value of the price elasticity of demand and the direction of the price change..

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