zcahill3946 zcahill3946
  • 07-01-2020
  • Business
contestada

Suppose price decreases and demand is perfectly inelastic. What happens to total​ revenue?

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jtulayan
jtulayan jtulayan
  • 07-01-2020
The total revenue decreases because the demand for the product stays the same, but it sells for less money than it did before.
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