Demand Is Inelastic When a Price ________ Results in Total

question 316

Multiple Choice

Demand is inelastic when a price ________ results in total revenue ________.

• A) rise; decreasing
• B) fall; increasing
• C) rise, increasing
• D) fall, remaining the same

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Definitions:

Dialectical Behavior Therapy

A type of cognitive-behavioral therapy that emphasizes balancing acceptance and change to improve emotional regulation and interpersonal effectiveness.

Unwarranted Feelings

Emotions that arise without a direct, justified cause or are disproportionate to the situation.

Unconditional Positive Regard

An attitude of total acceptance and support toward another person, regardless of their actions or feelings.

Self-insight

The understanding and awareness an individual has of their own personality traits, behaviors, and feelings.