be concluded that the demand for education is elastic. 2.3 If the price of a good increases and the quantity demanded for that good decreases, it can be concluded that the good is a normal good. 2.4 If the price elasticity of demand for a good is greater than 1, then a decrease in price will result in an increase in total revenue. 2.5 If the cross-price elasticity of demand between two goods is positive, then the two goods are complements.