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

Question 1 Report

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

fall in both quantity of demand and total revenue

fall in the quantity demanded and rise in total revenue

fall in the quantity demanded and rise in marginal revenue

rise in both the quantity demanded and the marginal revenue

The Theory Of Demand

Economics As A Science

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