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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
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
Evidence against · 4
Get citation
Total revenue. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Total_revenue
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More against · 3
Get citation
Total revenue test. (n.d.). en.wikipedia.org. https://en.wikipedia.org/wiki/Total_revenue_test
Get citation
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
Get citation
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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