If a reduction in prices increases revenue, then the demand curve is said to be

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Mr. Dubey

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📊 Industrial Engineering

Q. If a reduction in prices increases revenue, then the demand curve is said to be

(A) Either elastic or inelastic
(B) Elastic
(C) Inelastic
(D) Not determinable from given data

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✅ Correct Answer: (B) Elastic

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