If the Price of Good X Falls and the Demand

question 1

Multiple Choice

If the price of good X falls and the demand for good X is inelastic, then the percentage __________ in quantity demanded is __________ the percentage fall in price, and total revenue __________.

• A)fall; greater than; rises
• B)rise; less than; rises
• C)fall; equal to; remains constant
• D)rise; less than; falls
• E)fall; greater than; falls

---

Definitions:

New Public Service

An approach to public administration that emphasizes serving citizens, civic engagement, and the public interest above bureaucratic efficiencies.

Think Strategically

The ability to envision, plan, and implement actions considering the long-term objectives and outcomes, essential for successful leadership and management.

Act Democratically

The process of making decisions or taking actions based on the principles of democracy, where all members have an equal say.

Personal Responsibility

The concept of individuals being accountable for their actions and decisions, recognizing the consequences they may bring.