If the Demand Is ________, a Fall in Price ________

question 122

Multiple Choice

If the demand is ________, a fall in price ________ total revenue.

• A) elastic; increases
• B) elastic; decreases
• C) inelastic; increases
• D) inelastic; does not change

---

Definitions:

Ethnicity

A category of people identified by shared cultural, linguistic, or ancestral traits.

Polygamous Family

A family structure where one individual has multiple spouses or partners simultaneously.

Marriageable Age

The legal minimum age at which an individual is permitted by law to marry, varying across different countries and cultures, often influenced by social, legal, or religious factors.

Foraging Societies

Communities that rely on hunting, fishing, and gathering wild food resources for their subsistence.