Answer
A
Work Step by Step
An increase in the supply of a good will decrease the total revenue producers receive if the demand curve is inelastic.
Principles of Macroeconomics 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
1-28516-591-8
ISBN 13:
978-1-28516-591-2
Chapter 5 - Elasticity and Its Application - Quick Check Multiple Choice - Page 108: 5
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