If the demand for golf is price-inelastic and your local public golf course increases the greens fees for using the course,you expect:
A)a decrease in total revenue received by the course.
B)an increase in total revenue received by the course.
C)an increase in the amount of golf played on the course.
D)no change in the amount of golf played on the course.

Question

Quizplus · Accepted Answer

When demand is price-inelastic, an increase in price leads to a less than proportionate decrease in quantity demanded, resulting in an increase in total revenue.

If the Demand for Golf Is Price-Inelastic and Your Local