If Demand Is Inelastic, an Increase in the Price of a Good

question 220

Multiple Choice

If demand is inelastic, an increase in the price of a good will cause total revenue to:

• A) fall.
• B) remain constant since the decrease in quantity sold is exactly offset by the price increase.
• C) rise.
• D) rise if it is a normal good and fall if it is an inferior good.

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Definitions:

Minimal Leak Method

A technique, often used in ventilated patients, to ensure minimal air leakage around the tracheal tube cuff by adjusting the cuff pressure.

Prevents Aspiration

The prevention of foreign substances from entering the airway and lungs, which can cause aspiration pneumonia or choking.

Prevents Air Escape

A characteristic of certain medical devices or procedural techniques designed to prevent the unintended release of air from the respiratory system or other body cavities.

Partially Deflated Cuff

A term used in medical settings, referring to an adjustable band (often part of a blood pressure cuff or endotracheal tube) that is not fully inflated to allow some degree of airflow or blood flow.