Suppose That Demand Is Everywhere Price Inelastic

Multiple Choice

Suppose that demand is everywhere price inelastic.In this case, a contraction in the quantity supplied at every price must cause:

A) total revenue to climb.
B) total revenue to fall.
C) total revenue to remain flexed as profits fall.
D) any of the above depending upon circumstance.
E) either answer a or c, depending upon circumstance.