Which of the following statements is true?
a) if the price of a good is raised and total revenue increases, demand is inelastic.
b) if the price of a good is lowered and total revenue increases, demand is inelastic.
c) if the price of a good is lowered and total revenue decreases, demand is elastic.
d) if the price of a good is raised and total revenue does not change, demand is perfectly elastic.

If the price of a good is raised and total revenue does not change, demand is perfectly elastic ( D )

Explanation:

An elastic demand is a type of demand for a good or service that changes with changes in price of goods and services and also with changes in purchasing power of the customer while an inelastic demand is a type of demand for gods and services that is constant regardless of changes in prices and purchasing power of the customer.

if the price of a good is raised and the total revenue ( purchasing power ) does not change demand will definitely change ( perfectly elastic )

i think the answer is a. dependable person

i hope this is right!

answer; foreign exchange transaction;