Suppose that a stairway manufacturer?s price elasticity of demand was inelastic. If this manufacturer decided to increase

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Suppose that a stairway manufacturer?s price elasticity of demand was inelastic. If this manufacturer decided to increase the price of its stairways, what should have been the result?

Total revenues decreased.
Total revenues increased.
Total revenues remain unchanged.
Total revenues were perfectly inelastic.

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Intermediate Microeconomics

ISBN: 978-0393123968

9th edition

Authors: Hal R. Varian

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Posted Date: Feb 16, 2023 01:19 AM

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Suppose that a stairway manufacturer?s price elasticity of demand was inelastic. If this manufacturer decided to increase

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Intermediate Microeconomics

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