If demand is perfectly inelastic, a decrease in price results in a(n)
a. decrease in seller's total revenue
b. increase in total seller's expenditure
c. increase in expenditure on the good, but a decrease in revenue to the seller
d. unfavorable shift in tastes and preferences
e. increase in total revenue to the seller
A
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a. True b. False
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Answer the following statement true (T) or false (F)
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Answer the following statement true (T) or false (F)
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