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Question 18

When the demand for a commodity is inelastic, total revenue will fall if

  • A.price is increased
  • B.price remains constant
  • C.price is reduced
  • D.the commodity is a luxury
Objective

Question details

Exam body
OAU
Subject
Economics
Year
2009/2010
Question no.
#18
Type
Objective
Previous · Q17Which of these factors does not cause a change in demand? Next · Q19 An economic system in which most capital goods are owned by individuals and…

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