If demand is inelastic and price is raised

A) quantity demanded will fall and total revenue will fall.
B) quantity demanded will fall and total revenue will rise.
C) quantity demanded will rise and total revenue will rise.
D) quantity demanded will rise and total revenue will fall.

Inelastic

Describes a situation where the demand or supply for a good or service is not significantly altered when the price of that good or service changes.

Total Revenue

The total amount of money received by a company for goods sold or services provided during a certain period of time.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a specific price level.