Question
If the demand for a product is inelastic, a. A price increase causes total revenue to increase. O b. A price decrease causes total
If the demand for a product is inelastic, a. A price increase causes total revenue to increase. O b. A price decrease causes total revenue to increase. O c. A price increase leaves total revenue unchanged. O d. A price decrease leaves total revenue unchanged.
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Microeconomics
Authors: Douglas Bernheim, Michael Whinston
2nd edition
73375853, 978-0073375854
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