When Demand Is Highly Inelastic and Supply Shifts to the Right

question 81

Multiple Choice

When demand is highly inelastic and supply shifts to the right, price:

• A) falls, quantity sold increases, and total revenue increases.
• B) falls, quantity sold increases, and total revenue decreases.
• C) increases, quantity sold decreases, and total revenue increases.
• D) increases, quantity sold decreases, and total revenue decreases.

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