what-is-the-relationship-between-price-elasticity-and-total-revenue-in-the-elast

Question

What is the relationship between price elasticity and total revenue in the elastic region of a demand curve?

Accepted Answer

Total revenue increases as price decreases.

Answer

Total revenue decreases as price decreases.

Answer

Total revenue remains constant as price decreases.

Answer

Total revenue is unaffected by price changes.