An accountant increases the price he charges for his services by 16 percent. In response, the demand for his services decreases by 14 percent. Will the accountant's revenue from his accounting services increase, decrease, or remain unchanged? The accountant's reve

This shows that demand is inelastic. A proportionate change in the price of a product is causing a less than proportionate change in its quantity demanded.

So the total revenue will increase as demand is not declining as much as the increase in price.

An accountant increases the price he charges for his services by 16 percent. In​ response, the demand for his services decreases by 14 percent. Will the​ accountant's revenue from his accounting services​ increase, decrease, or remain​ unchanged? The​ accountant's reve

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An accountant increases the price he charges for his services by 16 percent. In response, the demand for his services decreases by 14 percent. Will the accountant's revenue from his accounting services increase, decrease, or remain unchanged? The accountant's reve