If the Demand for a Product Is Price Inelastic

question 79

Multiple Choice

If the demand for a product is price inelastic,

• A)producers' revenues will increase if supply increases
• B)producers' revenues will increase if supply decreases
• C)a small change in price will cause a large shift in the demand curve
• D)a large change in price will cause a small shift in the demand curve
• E)a small change in price will cause a small shift in the demand curve

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Definitions:

Unicellular Alga

A single-celled microorganism in the algae family, which conducts photosynthesis and lives in aquatic environments.

Whirls

Circular or spiraling patterns or movements.

Euglenoid

Refers to single-celled organisms within the kingdom Protista, characterized by their ability to be both autotrophic and heterotrophic.

Elaborate Shells

Complex and intricately designed outer coverings that protect the bodies of certain animals, like snails and turtles.