When demand is perfectly inelastic, an increase in price will result in Options: A . &nbspA decrease in total revenue B . &nbspAn increase in total revenue C . &nbspNo change in total revenue D . &nbspA decrease in quantity demanded

When demand is perfectly inelastic, an increase in price will result in

Question

When demand is perfectly inelastic, an increase in price will result in

Options:

A . A decrease in total revenue

B . An increase in total revenue

C . No change in total revenue

D . A decrease in quantity demanded

Answer: Option B

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