If Demand Is Inelastic, an Increase in the Price of a Good

question 220

Multiple Choice

If demand is inelastic, an increase in the price of a good will cause total revenue to:

• A) fall.
• B) remain constant since the decrease in quantity sold is exactly offset by the price increase.
• C) rise.
• D) rise if it is a normal good and fall if it is an inferior good.

---

Definitions:

Incidental Motions

Procedural motions that arise unexpectedly and need to be addressed immediately during the course of a meeting or deliberative assembly.

Procedural Questions

Questions related to the process or procedure involved in carrying out a specific task or activity.

Privileged Motions

Specific types of motions in parliamentary procedure that have the highest priority and can interrupt the consideration of other matters.

Main Motions

Fundamental proposals or questions brought before a deliberative body for decision-making after being formally introduced.