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In the price range where demand is inelastic, a decrease in price will result in a decrease in total revenue. True or False?

In the price range where demand is inelastic, a decrease in price will result in a decrease in total revenue. True or False?
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In the price range where demand is inelastic, a decrease in price will result in a decrease in total revenue. True or False?

User Eugene Dudnyk
by
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1 Answer

5 votes
The answer is True
Explanation: N/A
User BCran
by
7.8k points
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