Suppose researchers at the University of Wisconsin discover a new vitamin that increases the milk production of dairy cows. If the demand for milk is relatively inelastic, the discovery will
A)raise both price and total revenues.
B)lower both price and total revenues.
C)raise price and lower total revenues.
D)lower price and raise total revenues.

Question

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The Answer of Suppose researchers at the University of Wisconsin discover a new vitamin that increases the milk production of dairy cows. If the demand for milk is relatively inelastic, the discovery will
A)raise both price and total revenues.
B)lower both price and total revenues.
C)raise price and lower total revenues.
D)lower price and raise total revenues.

Suppose Researchers at the University of Wisconsin Discover a New