If the demand for textbooks is inelastic,then a decrease in the price of textbooks will
A)increase total revenue of textbook sellers.
B)decrease total revenue of textbook sellers.
C)not change total revenue of textbook sellers.
D)There is not enough information to answer this question.

Question

Quizplus · Accepted Answer

When demand is inelastic, a decrease in price leads to a proportionally smaller increase in quantity demanded, resulting in a decrease in total revenue.

If the Demand for Textbooks Is Inelastic,then a Decrease in the Price