How do you do this question ? Don't you do 10 * 1.05 so it is A ? Also it is inelastic the demand, so surely the total revenue will rise.
A product has a price elasticity of demand of –0.5. If the price of this product increases by
10%, then total revenue will
A rise by more than 10%.
B rise by less than 10%.
C fall by more than 10%.
D fall by less than 10%