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Author Question: If demand is price inelastic and the price is lowered, which of the following occurs? (Read 42 times)

james9437

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on: May 24, 2019
If demand is price inelastic and the price is lowered, which of the following occurs?
◦ The quantity sold decreases.
◦ The total expenditure increases and the total revenue decreases.
◦ The total revenue of the firms selling the product is unchanged.
◦ The total revenue of the firms selling the product decreases.
◦ The total expenditure decreases and the total revenue increases.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by james9437 on May 24, 2019

dmurph1496

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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james9437

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Reply #2 on: May 24, 2019
Thank you!


dmurph1496

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Reply #3 on: May 24, 2019
Always glad to help...


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