If the Demand for Cigarettes Is Inelastic

question 53

Multiple Choice

If the demand for cigarettes is inelastic,

• A)Total revenue will rise if the price of cigarettes rises.
• B)No matter how high the price goes,the quantity demanded will not fall.
• C)Total revenue will fall if the price of cigarettes rises.
• D)A price reduction will actually cause the quantity demanded to fall.

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Definitions:

Glaucoma

A condition in which pressure in the fluid of the eye increases, either because the fluid cannot drain properly or because too much fluid is produced.

Affordances

The option that a given situation or stimulus provides.

Modalities

Different modes or methods through which something can be expressed or realized, often used in medical treatment or sensory input.

Stimulus

A stimulus is an event or object in the environment that evokes a sensory or behavioral response in an organism.