If the Demand Curve Is Inelastic a Price ________ Causes

question 8

Multiple Choice

If the demand curve is inelastic a price ________ causes a(n) ________ in revenues.

• A) decrease; decrease
• B) decrease; increase
• C) increase; decrease
• D) There is not enough information to answer.

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Definitions:

Reconstitution

The process of adding a diluent to a dried or concentrated substance to make it into a liquid form suitable for injection or ingestion.

Diluent

A substance used to dilute a drug or chemical to achieve the desired concentration.

Bacteriostatic SW

Bacteriostatic sterile water is used to dilute or dissolve medications, inhibiting the growth of bacteria.

Shelf Life

The duration of time a product, particularly food or medicine, remains safe and effective for use.