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the claim

A higher price always increases total revenue.

the verdict
REFUTED
the evidence says no
Recorded sources
0 sources for · 4 against

Counts group repeated records of the same source within each side. They do not measure evidence strength or source independence.

Is it true that a higher price always increases total revenue?

No. Two reference sources on total revenue state that a price increase raises total revenue only when demand is inelastic and lowers it when demand is elastic, so a higher price does not always increase total revenue.

Verdict: REFUTED · 0 sources for, 4 against · Last checked

The private library was unavailable for some searches in this check. Missing library results are not evidence against the claim.

Evidence against · 4
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Total revenue. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Total_revenue

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More against · 3
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Total revenue test. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Total_revenue_test

2012
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Renshaw, G. (2012). Maths for Economics. books.google.com. http://books.google.com/books?id=XXmcAQAAQBAJ&dq=A+higher+price+always+increases+total+revenue.&hl=&as_pt=BOOKS&source=gbs_api

1999
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Tregarthen, T., Tregarthen, T. D., & Rittenberg, L. (1999). Economics, Second Edition. books.google.com. http://books.google.com/books?id=HveHgrID5GYC&dq=A+higher+price+always+increases+total+revenue.&hl=&as_pt=BOOKS&source=gbs_api

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