If the demand for textbooks is inelastic, then an increase in the price of textbooks will
a. increase total revenue of textbook sellers.
b. decrease total revenue of textbook sellers.
c. not change total revenue of textbook sellers.
d. There is not enough information to answer this question.
a
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Indicate whether the statement is true or false
If the United States increases the tariff on imported salmon, this will
A. increase the amount of salmon imported in the United States and reduce the production of salmon in the United States. B. reduce the amount of salmon imported into the United States and reduce production of salmon in the United States. C. increase the amount of salmon imported in the United States and increase the production of salmon in the United States. D. reduce the amount of salmon imported in the United States and increase the production of salmon in the United States.