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If the Supply Schedule for Tin Is Relatively Inelastic to Price

Question 1

Multiple Choice

If the supply schedule for tin is relatively inelastic to price changes, a decrease in the demand schedule for tin will cause a


A) decrease in price and an increase in sales revenue.
B) decrease in price and a decrease in sales revenue.
C) increase in price and an increase in sales revenue.
D) increase in price and a decrease in sales revenue.

Correct Answer:

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