If demand is relatively inelastic and sellers a... - JAMB Economics 1992 Question
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
correct option: a
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