Multiple Choice
If the supply schedule for tin is relatively inelastic to price changes, a decrease in the demand schedule for tin will cause a
A) decrease in price and an increase in sales revenue.
B) decrease in price and a decrease in sales revenue.
C) increase in price and an increase in sales revenue.
D) increase in price and a decrease in sales revenue.
Correct Answer:

Verified
Correct Answer:
Verified
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