Table 1 shows the relationship between the price elasticity of demand (PED), price changes, and total revenue.
Fill in the missing terms for (ii), (iii), and (iv) in Table 1.
Table 1
| Price elasticity of demand | Direction of price change | Effect on total revenue |
|---|---|---|
| Inelastic | Decreases | (ii) |
| Inelastic | (iii) | Increases |
| (iv) | Increases | Decreases |
