When the price of a service increases by 5% and the quantity demanded decreases by 5%, total revenue remains unchanged. True or False?

asked Apr 2, 2021 29.4k views

3 votes

8.3k points

0 Comments

Please log in or register to add a comment.

1 vote

True because supply and demand would still have the same ratio

7.9k points

0 Comments

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers