![When demand is perfectly inelastic, an increase in price will result in](https://www.gkseries.com/blog/wp-content/uploads/2022/09/When-demand-is-perfectly-inelastic-an-increase-in-price-will-result-in.png)
Q. When demand is perfectly inelastic, an increase in price will result in:
- A decrease in total revenue
- An increase in total revenue
- No change in total revenue
- A decrease in quantity demanded
Answer: An increase in total revenue
Answer: An increase in total revenue
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