Demand is inelastic when a price _______ results in total revenue _______.
A) rise; decreasing
B) rise; increasing
C) fall; remaining the same
D) fall; increasing

Name: Demand is inelastic when a price _______ results in total revenue _______. A) rise; decreasing B) rise; increasing C) fall; remaining the same D) fall; increasing
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Question

Quizplus · Accepted Answer

When demand is inelastic, a price rise results in total revenue increasing because the percentage decrease in quantity demanded is less than the percentage increase in price.

Demand Is Inelastic When a Price _______ Results in Total