If Total Revenue Goes Down When the Price Falls,demand Is

question 153

Multiple Choice

If total revenue goes down when the price falls,demand is said to:

• A)be price-inelastic.
• B)be price unit-elastic.
• C)be price-elastic.
• D)have positive price elasticity.

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Definitions:

Recessive

A term used to describe a gene that expresses its trait only when paired with an identical gene.

X-linked Recessive

A mode of inheritance where a recessive gene on the X chromosome causes a condition or trait to be expressed primarily in males.

X Chromosome

One of the two sex chromosomes, the X chromosome plays a crucial role in determining genetic traits and can be found in both males (XY) and females (XX).

Autosomal

Relating to any chromosome that is not a sex chromosome; autosomes are numbered from 1 to 22 in humans.