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GrogVix [38]
4 years ago
8

If the demand for textbooks is inelastic, then a decrease in the price of textbooks will

Business
1 answer:
Dmitrij [34]4 years ago
5 0

Answer:

decrease total revenue of textbook sellers. 

Explanation:

Demand is inelastic if a change in price has a very little effect on the quantity demanded.

If price is reduced, the quantity demanded of textbooks would change by a little amount, so total revenue would fall due to a reduction in the price of textbooks.

Total revenue = price × quantity

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