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Q.) In the market for landscaping trees in Texas, if the demand for trees is inelastic , then a decrease in the supply of landscaping

Q.) In the market for landscaping trees in Texas, if the demand for trees isinelastic, then adecreasein the supply of landscaping trees (caused by the January 2021 polar vortex freeze) will

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increase the total revenue of producers, but decrease the total expenditures of consumers.

not change the total revenue of producers or the total expenditures of consumer.

not change in the total revenue of producers, but will decrease the total expenditures of consumers.

increase the total revenue of producers and the total expenditures of consumers.

decrease the total revenue of producers and decrease the total expenditures of consumers.

decrease the total revenue of producers and increase the total expenditures of consumers.

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