Which of the Following Is Most Likely to Occur When

question 16

Multiple Choice

Which of the following is most likely to occur when price is inelastic?

• A)A price decrease increases unit margin.
• B)A price decrease increases gross profit.
• C)A price increase reduces gross profit.
• D)A price decrease hurts sales.
• E)A price decrease reduces unit volume.

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Definitions:

Unicellular

Describing organisms made up of a single cell, capable of performing all necessary life functions within that one cell.

Population

A group of individuals of the same species living and interacting in the same region.

Biosphere

All Earth’s communities of living organisms and their physical environments.

Community

A group of interacting living organisms sharing a populated environment, often considered within ecological and social contexts.