If a Store Sells a Good That Has Inelastic Demand

Multiple Choice

If a store sells a good that has inelastic demand, what would be the net result on its total revenue from an increase in price of that good?

A) There would be an increase in total revenue.
B) There would be no change in total revenue.
C) There would be a decrease in total revenue.
D) There would be an initial increase, followed by a decrease, in total revenue.