If Demand Is Price Inelastic

question 93

Multiple Choice

If demand is price inelastic,

• A)price and total revenue change in opposite directions
• B)a seller should decrease the price to increase total revenue
• C)too few goods are being produced from society's point of view
• D)price and total revenue change in the same direction
• E)the market can never be in equilibrium

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Definitions:

Androgens

A group of hormones, such as testosterone, that play a role in male traits and reproductive activity.

Dopamine

A neurotransmitter involved in the reward and pleasure centers of the brain, influencing movement, emotional responses, and the ability to feel pleasure and pain.

Sry Gene

A sex-determining gene on the Y chromosome that triggers the development of male physical characteristics in mammals.

Undifferentiated Gonads

An early developmental stage in embryos where the gonads have not yet differentiated into male (testes) or female (ovaries) reproductive organs.