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Retnec Retnec
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6 years ago
If demand is inelastic,
A) an increase in price will not alter the quantity of a product demanded and total revenue will fall.
B) an increase in price will reduce the quantity of a product demanded, and total revenue will fall.
C) an increase in price will increase the quantity of a product demanded, and total revenue will rise.
D) an increase in price will not reduce the quantity of a product demanded, and total revenue will rise.
E) an increase in price will reduce the quantity of a product demanded, but total revenue will rise.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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foliogefolioge
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Retnec Author
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6 years ago
Correct Slight Smile TY
Tabitha.davis
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
Jose^2
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2 hours ago
Thanks for your help!!
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