QUESTION 9 If the demand for coffee beans is inelastic, then a rise in the price of those beans will cause the coffee farmers' total revenues to rise. True False

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter4: Demand, Supply, And Market Equilibrium
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QUESTION 9
If the demand for coffee beans is inelastic, then a rise in the price of those beans will cause the coffee farmers' total revenues to rise.
True
O False
Transcribed Image Text:QUESTION 9 If the demand for coffee beans is inelastic, then a rise in the price of those beans will cause the coffee farmers' total revenues to rise. True O False
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