52. When demand is perfectly inelastic, an increase in price will result in A. O A decrease in total revenue B. O An increase in total revenue No change in total revenue D. O A decrease in quantity demanded
52. When demand is perfectly inelastic, an increase in price will result in A. O A decrease in total revenue B. O An increase in total revenue No change in total revenue D. O A decrease in quantity demanded
Chapter1: Making Economics Decisions
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![52. When demand is perfectly
inelastic, an increase in price will
result in
A. O A decrease in total revenue
B. O An increase in total revenue
C. O No change in total revenue
D. O A decrease in quantity demanded](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4e4bcef3-9405-4e75-ada7-0fb2c76deffc%2F2a7c9307-754b-437a-9cb1-57ab5976adb7%2F1udbf4n_processed.jpeg&w=3840&q=75)
Transcribed Image Text:52. When demand is perfectly
inelastic, an increase in price will
result in
A. O A decrease in total revenue
B. O An increase in total revenue
C. O No change in total revenue
D. O A decrease in quantity demanded
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