When the Demand for a Good Is Inelastic and Its

question 42

Multiple Choice

When the demand for a good is inelastic and its price increases, the total revenue from the sale of the good will

• A) increase.
• B) decrease initially and then increase.
• C) decrease.
• D) not change.

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Definitions:

Agenda

A calendar, containing both specific and vague items, that covers short-term goals and long-term objectives.