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    Modern Principles of Economics Study Set 2
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    Exam 5: Elasticity and Its Applications
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    If the Demand Curve Is Inelastic a Price ________ Causes
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If the Demand Curve Is Inelastic a Price ________ Causes

Question 8

Question 8

Multiple Choice

If the demand curve is inelastic a price ________ causes a(n) ________ in revenues.


A) decrease; decrease
B) decrease; increase
C) increase; decrease
D) There is not enough information to answer.

Correct Answer:

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