The price elasticity of demand is -2.0 for a …. revenue to

Managerial Economics

The price elasticity of demand is -2.0 for a certain firm’s product. If the firm raises price,the firm manager can expect total revenue to

Decrease
Increase
Remain constant
Either increase or remain constant, depending upon the size of the price increase

The price elasticity of demand is -2.0 for a certain firm's product. If the firm raises price,the firm manager can expect total revenue to Decrease.

Tags: Quantitative Demand Analysis