If Demand Is Price Inelastic,then When Price Rises,total Revenue

question 109

Multiple Choice

If demand is price inelastic,then when price rises,total revenue

• A)will fall.
• B)will rise.
• C)will remain unchanged.
• D)may rise,fall,or remain unchanged.More information is need to determine the change in total revenue with certainty.

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Definitions:

Lateral Line Organs

A system of sense organs found in aquatic vertebrates, used to detect movement and vibration in the surrounding water.

Stereocilia

Hairlike projections on the surface of certain cells, involved in sensory reception, particularly in the inner ear for hearing.

Basilar Membrane

A crucial structure in the cochlea of the inner ear, responsible for converting sound vibrations into neural signals.

Lateral Line Organs

Sensory organs found in aquatic vertebrates, used to detect movements and vibrations in the surrounding water.