Economics · Theory of Demand and Revenue
Match List-I with List-II concerning the relationship between Price Elasticity of Demand and Total Revenue (TR): List-I (a) Unitary elasticity (b) Elastic demand (c) Inelastic demand (d) Perfectly elastic List-II 1. TR is maximum 2. TR rises as price falls 3. TR falls as price falls 4. Demand curve is horizontal
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1a-1, b-3, c-2, d-4
- 2a-3, b-2, c-1, d-4
- 3a-2, b-1, c-3, d-4
- 4a-1, b-2, c-3, d-4✓
Correct answer
a-1, b-2, c-3, d-4
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