A rise in the price of a product lowers the total revenue from the product if the good is an inferior product. demand for the product is inelastic. demand for the product is elastic. income elasticity of demand exceeds 1.

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A rise in the price of a product lowers the total revenue from the
product if the

good is an inferior product.

demand for the product is inelastic.

demand for the product is elastic.

income elasticity of demand exceeds 1.

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