When a good is elastic, decreasing the price of the good will increase the total revenues. This is for an elastic good any decrease in price will be more than offset by a corresponding increase in quanity demanded that is larger than the decrease in price.
For an elastic good, a decrease in price will lead to an increase in total revenue.
For an elastic good, a decrease in price will lead to an increase in total revenue. An increase in price will lead to a decrease in total revenue.
For an elastic good, a decrease in price will lead to an increase in total revenue. An increase in price will lead to a decrease in total revenue.
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