If the demand for insulin is price inelastic, a 5 percent increase in the price of insulin will have no effect on the total revenue of insulin producers have no effect on the total revenue of insulin producers
A increase the total revenue of insulin producers increase the total revenue of insulin producers
B decrease the total revenue of insulin producers decrease the total revenue of insulin producers
C decrease the total spending on insulin by consumers decrease the total spending on insulin by consumers
D cause the demand for insulin to be less elastic cause the demand for insulin to be less elastic
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