If Demand Is Inelastic, an Increase in the Price Will

question 21

Multiple Choice

If demand is inelastic, an increase in the price will

• A) decrease total revenue.
• B) increase total revenue.
• C) not change total revenue.
• D) increase the quantity demanded.

---

Definitions:

Career Services

Professional services designed to help individuals with career decision-making, planning, and transition.

Psychometrics

The field of study concerned with the theory and technique of psychological measurement, including the development of tests and questionnaires.

Historical Trauma

Refers to the cumulative emotional and psychological wounding over generations resulting from massive group trauma experiences.

Assessment Tools

Instruments or methods used to evaluate skills, abilities, or performance, often for educational, psychological, or employment purposes.