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If Demand for a Product Is Perfectly Inelastic, a Change

question 115

True/False

If demand for a product is perfectly inelastic, a change in price will not change total revenue.


Definitions:

Cytology

The branch of biology that studies cells, their structure, function, and significance in health and disease.

Molecular Biology

Molecular biology is the branch of biology that focuses on the molecular basis of biological activity, including the interactions between DNA, RNA, proteins, and their synthesis.

Microbiology

The branch of science that studies microorganisms, including bacteria, viruses, fungi, and protozoa.

Histology

The study of the microscopic anatomy of cells and tissues of plants and animals.

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