When Demand Is Inelastic, an Increase in Price Causes the Seller's

question 75

Multiple Choice

When demand is inelastic, an increase in price causes the seller's total revenues to:

• A) increase.
• B) decrease.
• C) remain the same.
• D) fall to zero.

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Definitions:

Condenser

A device used to condense a gas into a liquid by cooling it.

Secured

Ensured to be firmly attached or fastened so as to not give way or become lost.

Total Magnification

The overall enlargement of an image achieved by a microscope, calculated by multiplying the magnification of the ocular lens by that of the objective lens.

Oil-immersion Lens

A microscope objective lens designed to be used with a drop of immersion oil to increase magnification quality by reducing light refraction.