When Taylor raised the price of earrings at Taylor's Boutique, her total revenue from selling earrings increased. This suggests that:

A. there was excess demand for earrings at the original price.
B. the demand for Taylor's earrings at the original price was inelastic.
C. the demand for Taylor's earrings at the original price was elastic.
D. there are many other boutiques competing with Taylor.


Answer: B

Economics

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