When Demand Is Inelastic,an Increase in Price Will Cause

question 142

Multiple Choice

When demand is inelastic,an increase 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:

New Brunswick

A province in eastern Canada, known for its forested terrain, rivers, and coastal landscapes along the Atlantic Ocean.

Salmon Populations

Groups of salmon within a specific area or ecosystem, often monitored for conservation and fishing purposes.

Whaling Activities

The practice of hunting and capturing whales for their resources such as meat, oil, and blubber.

Ethical Reasons

Justifications for actions or beliefs based on moral principles and values, often guiding decision-making processes in personal and professional contexts.