When Demand Is Inelastic, an Increase in Price Will Result

question 113

True/False

When demand is inelastic, an increase in price will result in an increase in total revenue.

---

Definitions:

Black Suspects

A term that may refer to individuals who are suspected of a crime and are identified as being of African descent, which can reflect racial profiling concerns.

Misperceived

Incorrectly interpreted or understood, resulting from the inaccurate perception of information or situations.

Police Officers

Law enforcement officials who are empowered to uphold and enforce the laws and to protect citizens and their property.

Newborn Children

Very young babies, typically considered to be those under one month old, who are adapting to life outside the womb.