When demand is price-inelastic, ceteris paribus, an increase in

A. Price leads to greater total revenue.
B. Total revenue indicates a reduction in price.
C. Price leads to lower total revenue.
D. Total revenue means quantity rises.


Answer: A

Economics

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If the price of gasoline rises, when is the price elasticity of demand likely to be the highest?

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The largest U.S. economic downturn between 1890 and the present occurred during which of the following events?

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One major reason that economists are concerned about unemployment is that

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Economics