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When the demand for a commodity is inelastic, total revenue will fall if
Classroom
Economics Classroom
Waec
Waec 1988
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When the demand for a commodity is inelastic, total revenue will fall if
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Price is increased
B
Price is reduced
C
Price remains constant
D
Price is not given
E
The commodity is a luxury
Show Answer
Show Explanation
Correct Answer:
Option B
Explanation:
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