If Demand Is Inelastic, an Increase in Price Will Cause

question 31

Multiple Choice

If demand is inelastic, an increase in price will cause total expenditure to

• A) fall to zero.
• B) remain constant.
• C) decrease.
• D) increase.
• E) be negative.

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Definitions:

Intervertebral Disk

A fibrocartilaginous disc situated between adjacent vertebrae in the vertebral column, acting as a shock absorber and allowing movement.

Thoracic Region

The part of the body including the chest, between the neck and the abdomen, containing the thoracic vertebrae and ribs.

Vertebra

One of the individual bones that make up the vertebral column (spine), providing structural support and protection for the spinal cord.

Body Of Vertebra

The thick, oval segment of a vertebra forming the front of the vertebrae, supporting the majority of the body's weight.