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Managerial Economics · Quiz 2 · 16 Aug 2026 · May 2026 term

Question 2: If the price elasticity of demand for a product is greate…

Question 2

+0.5 marksOne correct option

If the price elasticity of demand for a product is greater than one, a price increase will always increase total revenue for the seller

  1. A

    True

  2. B

    False

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Correct answer

  • B

    False

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Question 2 of 28 in the IIT Madras BS Managerial Economics (Managerial Economics) Quiz 2 paper sat on 16 Aug 2026, in the May 2026 term (Managerial Economics 16 Aug 26). It carries 0.5 marks.

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