If Demand Is Inelastic and Price Falls, Then Total Revenue

question 120

True/False

If demand is inelastic and price falls, then total revenue will rise.

---

Definitions:

Compliance

Change in volume (e.g., in lungs or blood vessels) caused by a given change in pressure.

Pulmonary Edema

An accumulation of fluid in the lungs' air sacs, leading to impaired gas exchange and potentially causing difficulty breathing.

Respiratory Membrane

The respiratory membrane is the thin barrier in the lungs where gas exchange occurs, allowing oxygen to enter the blood and carbon dioxide to be expelled.

Diffusion Coefficient

Measure of how easily a gas diffuses through a liquid or tissue.