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    Exam 5: Elasticity and Its Applications
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    In the Inelastic Portion of a Linear Demand Curve, Firm
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In the Inelastic Portion of a Linear Demand Curve, Firm

Question 229

Question 229

Multiple Choice

In the inelastic portion of a linear demand curve, firm revenue ______ when price falls.


A) increases
B) decreases
C) remains the same
D) changes in an indeterminate direction

Correct Answer:

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