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If Demand Is Perfectly Inelastic,a Decrease in Price Results in A(n)

Question 53

Multiple Choice

If demand is perfectly inelastic,a decrease in price results in a(n)


A) decrease in seller's total revenue
B) increase in total seller's expenditure
C) increase in expenditure on the good,but a decrease in revenue to the seller
D) unfavorable shift in tastes and preferences
E) increase in total revenue to the seller

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