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livestrong136 livestrong136
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10 years ago
If the demand curve facing a business is highly inelastic, then:

A. The business should not put up their price, since the quantity demanded will fall, and they will lose money   

B. If the business puts up its price, its consumers will stop buying   

C. Consumers will buy almost as much at higher prices as at lower prices.   

D. If the business cuts its price, then its revenue will fall.
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AlexxAlexx
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10 years ago
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livestrong136 Author
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#2
10 years ago
Thnx, I thought it was C too, but I understand after your explanation why it would be D
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