When demand is inelastic,
A. selling one more unit of output causes marginal revenue to increase.
B. the percentage change in quantity demanded will exceed the percentage change in price (in absolute value).
C. quantity sold does not increase when price decreases.
D. buyers are not very responsive to changes in the price of the product.
E. selling one more unit of output cause total revenue to increase.
Answer: D
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Kelly is a U.S. citizen who works for Burton located in Germany. Kelly's work contributes to:
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