If the Price of Good X Rises and the Demand

question 94

Multiple Choice

If the price of good X rises and the demand for good X is inelastic, then the percentage fall in quantity demanded is __________ the percentage rise in price, and total revenue __________.

• A)greater than; rises
• B)less than; falls
• C)equal to; remains constant
• D)greater than; falls
• E)none of the above

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Definitions:

Hyperthyroidism

A condition where the thyroid gland is overactive, producing excessive amounts of thyroid hormones.

Exophthalmos

A medical condition where the eyes bulge outward more than normal.

Opioid Intoxication

A toxic condition resulting from the overconsumption of opioids, characterized by symptoms such as stupor, confusion, slowed breathing, and potentially, death.

Pinpoints

Very small details or areas, often used in the context of attention to fine aspects or highlighting minute observations.