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Total revenue- Inelastic demand

Former userFormer user6y ago

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John MoffatJohn MoffatTutor6y ago#1
I do not know where you are getting this from, but if demand is completely inelastic the the demand will not be affected by a change in the selling price. Therefore lower selling price will result in lower total revenue (because the demand will be the same), and a higher selling price will result in higher total revenue.
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