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.

---

Definitions:

Insider Information

Insider information involves confidential information about a company that has not been made public and that could provide a financial advantage in the markets if known.

Financial Markets

Marketplaces where buyers and sellers engage in trade of financial assets like stocks, bonds, currencies, and derivatives.

Financial Analysis

Financial analysis involves evaluating businesses, projects, budgets, and other finance-related transactions to determine their performance and suitability.

Securities

Financial instruments representing ownership (stocks), a debt agreement (bonds), or rights to ownership (derivatives).