The Demand for a Good Is Price Inelastic If

question 49

Multiple Choice

The demand for a good is price inelastic if

• A)a rise in price results in an increase in total revenue.
• B)a rise in price results in a decrease in total revenue.
• C)an increase in income results in a decrease in total revenue.
• D)an increase in income results in an increase in total revenue.
• E)the good is a luxury.

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