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  3. Study Set
    Principles of Microeconomics
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    Exam 5: Elasticity
  5. Question
    When Demand Is Inelastic, a Decrease in Price Will Result
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When Demand Is Inelastic, a Decrease in Price Will Result

Question 55

Question 55

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When demand is inelastic, a decrease in price will result in a decrease in total revenue.

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