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    Economics Study Set 10
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    Exam 19: Elasticity
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    Demand for a Given Good Is Inelastic, So It Follows
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Demand for a Given Good Is Inelastic, So It Follows

Question 76

Question 76

Multiple Choice

Demand for a given good is inelastic, so it follows that if price rises, __________ will rise, too.


A) quantity demanded
B) total revenue
C) total cost
D) income
E) supply

Correct Answer:

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