multiple choice question\nthe price elasticity of demand can tell you if ______ will increase or decrease…
multiple choice question\nthe price elasticity of demand can tell you if ______ will increase or decrease with a price change.\nunit cost\nconsumer complaints\nnet profit\ntotal revenue
Answer
Brief Explanations:
The price - elasticity of demand measures the responsiveness of quantity demanded to a price change. When demand is elastic, a price change leads to a more than proportionate change in quantity demanded, affecting total revenue. When demand is inelastic, a price change leads to a less than proportionate change in quantity demanded, also impacting total revenue. It has no direct relation to unit cost, consumer complaints, or net profit in the context of what it directly indicates about price - quantity relationships.
Answer:
total revenue