If the Demand for Textbooks Is Inelastic,then an Increase in the Price

question 195

Multiple Choice

If the demand for textbooks is inelastic,then an increase in the price of textbooks will

• A)increase total revenue of textbook sellers.
• B)decrease total revenue of textbook sellers.
• C)not change total revenue of textbook sellers.
• D)There is not enough information to answer this question.

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