Question 0

If demand is relatively inelastic and sellers are able to raise the price of their commodity, then there we be a?

  • A.fall in both quantity of demand and total revenue
  • B.fall in the quantity demanded and rise in total revenue
  • C.fall in the quantity demanded and rise in marginal revenue
  • D.rise in both the quantity demanded and the marginal revenue
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1992
Question no.
#0
Type
Objective

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