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14 Dec 2018
If the demand curve of a monopolist is in the inelastic range, then
a. total revenue will fall if the price increases.
b. total revenue will be unchanged if the price increases.
c. total revenue will rise if the price increases.
d. total supply will increase by an equal amount if demand increases.
e. price will be unchanged if total revenue increases.
If the demand curve of a monopolist is in the inelastic range, then
a. total revenue will fall if the price increases.
b. total revenue will be unchanged if the price increases.
c. total revenue will rise if the price increases.
d. total supply will increase by an equal amount if demand increases.
e. price will be unchanged if total revenue increases.
2 Jun 2021
