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The More Inelastic Demand Is, The

Question 158

Multiple Choice

The more inelastic demand is, the:


A) more sellers have to gain by restricting supply to raise price and total revenue.
B) less sellers have to gain by restricting supply to raise price and total revenue.
C) more sellers have to gain by raising supply to lower price and raise total revenue.
D) smaller will be the effect on total revenue of a change in price.

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