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

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