Which of the Following Describes a Situation in Which Demand

question 72

Multiple Choice

Which of the following describes a situation in which demand must be inelastic?

• A) The price of vitamins rises by 10 cents, and quantity of vitamins demanded falls by 50.
• B) The price of vitamins rises by 10 cents, and total revenue rises.
• C) A 20 percent increase in the price of vitamins leads to a 20 percent decrease in the quantity of vitamins demanded.
• D) Total revenue does not change when the price of vitamins rises.
• E) Total revenue decreases when the price of vitamins rises.

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Definitions:

Online Relationships

Social connections made between individuals through the internet, which can include friendships, romantic relationships, or other social interactions.

Similarity

A state or condition of being alike, sharing common traits or attributes among individuals, objects, or concepts.

Initial Attraction

The first phase of attraction between people, which can be influenced by various factors such as physical appearance, social status, and personality traits.

Self-Disclosure

The act of revealing personal, private, or sensitive information about oneself to others, which can build trust and intimacy in relationships.