When demand for a good is an increase in the price will increase total revenue?

Demand is the quantity of good or services that consumers are willing and able to buy at a given price. Inelastic demand describes how much the demand of a commodity changes more than the price does, the demand of a product does not increase or decrease correspondingly with a fall or rise in its price. Therefore, when demand for a good is inelastic, an increase in the price will increase total revenue.

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