Question: Which is inconsistent with an elastic demand curve? A. The price-elasticity coefficient is less than 1 B. Total revenues fall when prices rise C. Buyers

Which is inconsistent with an elastic demand curve?

A. The price-elasticity coefficient is less than 1

B. Total revenues fall when prices rise

C. Buyers are relatively sensitive to price changes

D. The relative change in quantity exceeds the relative change in price

correct answer is A The price-elasticity coefficient is less than 1 i need explain the asnwer

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