When the firm faces an inelastic demand curve

 Easy questions.

Question description

 

 

Fill in the blanks:

A. When the firm faces an inelastic demand curve (Like on a hot day for Coca Cola and at peak rush hour for Uber), and the firm increase its prices, their revenues will _____________increase/ decrease

B. When the firm faces an Elastic demand curve (Like on a cold day for Coca Cola and at non-peak rush hour for Uber),and the firm increases its prices, their revenues will _____________increase/ decrease\