If the Demand Schedule for Bauxite Is Relatively Inelastic to Price

Multiple Choice

If the demand schedule for bauxite is relatively inelastic to price changes,an increase in the supply schedule of bauxite will cause a:

A) Decrease in price and a decrease in sales revenue
B) Decrease in price and an increase in sales revenue
C) Increase in price and a decrease in sales revenue
D) Increase in price and an increase in sales revenue