17- When demand is price inelastic: Question 32 options: a- price and total reve

Question

17- When demand is price inelastic: Question 32 options:
a- price and total revenue move in the same direction.
b- price and total revenue move in the opposite direction.
c- total revenue increases whether price goes up or down.
d- total revenue decreases whether price goes up or down. 17- When demand is price inelastic: 17- When demand is price inelastic:
a- price and total revenue move in the same direction.
b- price and total revenue move in the opposite direction.
c- total revenue increases whether price goes up or down.
d- total revenue decreases whether price goes up or down. a- price and total revenue move in the same direction. b- price and total revenue move in the opposite direction. c- total revenue increases whether price goes up or down. d- total revenue decreases whether price goes up or down.
a- price and total revenue move in the same direction.
b- price and total revenue move in the opposite direction.
c- total revenue increases whether price goes up or down.
d- total revenue decreases whether price goes up or down.

Explanation / Answer

a- price and total revenue move in the same direction.

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