When Demand Is Inelastic,a Decrease in Price Will Cause

question 291

Multiple Choice

When demand is inelastic,a decrease in price will cause

• A)an increase in total revenue.
• B)a decrease in total revenue.
• C)no change in total revenue but an increase in quantity demanded.
• D)no change in total revenue but a decrease in quantity demanded.

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Definitions:

Stroke Volume

The volume of blood pumped by the left ventricle of the heart in one contraction.

COPD

Chronic Obstructive Pulmonary Disease, a group of progressive lung diseases characterized by increasing breathlessness, frequent coughing, wheezing, and chest tightness.

Oxygen Delivery Device

Equipment used to supply extra oxygen to individuals who are not getting enough oxygen naturally, such as nasal cannulas or masks.

Nasal Cannula

A medical device used to deliver supplemental oxygen or airflow to a patient in need of respiratory help, consisting of a lightweight tube placed under the nostrils.