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Homework answers / question archive / If demand is inelastic, which of the following must happen when the price decreases? a

If demand is inelastic, which of the following must happen when the price decreases? a

Economics

If demand is inelastic, which of the following must happen when the price decreases?

a. deadweight loss decreases

b. quantity decreases

c. total revenue decreases

d. profit increases

Option 1

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