Inelastic
Elastic
Unrelated
Perfectly elastic
✅ The correct answer is A.
If price and total revenue move in the same direction, then demand is Inelastic. If you decrease the good’s price, a large increase occurs in quantity demanded, and total revenue increases.
If price and total revenue move in the same direction, then demand is Inelastic. If you decrease the good’s price, a large increase occurs in quantity demanded, and total revenue increases.