If demand is relatively inelastic and sellers are able to raise the price of the...
QuestionIf demand is relatively inelastic and sellers are able to raise the price of their commodity, then there we be a?
fall in both quantity of demand and total revenue
fall in the quantity demanded and rise in total revenue
fall in the quantity demanded and rise in marginal revenue
rise in both the quantity demanded and the marginal revenue
The correct answer is A.
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