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If demand is inelastic, then: Group of answer choices the price effect dominates the quantity effect, and an increase in price will cause total revenue
If demand is inelastic, then:
Group of answer choices
- the price effect dominates the quantity effect, and an increase in price will cause total revenue to rise.
- the price effect dominates the quantity effect, and a fall in price will cause total revenue to rise.
- the quantity effect dominates the price effect, and an increase in the price causes total revenue to rise.
- the quantity effect dominates the price effect, and a decrease in the price causes total revenue to rise.
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