When Demand Is Inelastic,a Decrease in Price Will Cause

question 291

Multiple Choice

When demand is inelastic,a decrease in price will cause

• A)an increase in total revenue.
• B)a decrease in total revenue.
• C)no change in total revenue but an increase in quantity demanded.
• D)no change in total revenue but a decrease in quantity demanded.

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Definitions:

Histidine

An essential amino acid in humans, involved in the growth and repair of tissues and the production of histamine.

Organic Products

Compounds containing carbon that are produced as a result of organic reactions.

Amino Acid Analyzer

A device that is used for the identification and quantification of amino acids in a sample, typically using chromatographic techniques.

Amino Acids

Organic compounds containing both amino and carboxyl groups, serving as the building blocks of proteins.