A decrease in supply (shift to the left) will increase total revenue - ProProfs Discuss
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A decrease in supply (shift to the left) will increase total revenue in the market if



A. Supply is price elastic.
B. Supply is price inelastic
C. Demand is price elastic
D. Demand is price inelastic

This question is part of Microeconomics [Ch.
Asked by Emy_, Last updated: Dec 05, 2017

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1 Answer

Emy_

Emy_

Answered on Sep 28, 2017

Demand is price inelastic
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