I need the answer as soon as possible 64. If demand is inelastic, a change inthe priceA. O Will change the quantity in samedirectionB. O Will change total revenue in samedirectionC. O Will change total revenue in theopposite directionD. O Will not change total revenue

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If demand is inelastic, a change in the price

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter6: Elasticities

Section: Chapter Questions

Problem 13P: A movie production company faces a linear demand curve for its film, and it seeks to maximize total...

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Equilibrium refers to a state of balance that comes about because there is equality in all forces.

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I need the answer as soon as possible

64. If demand is inelastic, a change in
the price
A. O Will change the quantity in same
direction
B. O Will change total revenue in same
direction
C. O Will change total revenue in the
opposite direction
D. O Will not change total revenue

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