If the Price Rises and the Total Amount Consumers Spend

question 142

Multiple Choice

If the price rises and the total amount consumers spend on the good rises, then demand must be

• A)elastic.
• B)inelastic.
• C)perfectly inelastic.
• D)perfectly elastic.

---

Definitions:

Upper South

A region in the United States characterized by states that were historically part of the Confederacy but had mixed loyalties during the Civil War.

Lower South

Refers to the southernmost states of the U.S., including Alabama, Florida, Georgia, Louisiana, Mississippi, South Carolina, and Texas, known for their deep historical association with slavery and the Confederacy.

Presidential Election

A national election held in a country that determines who will hold the office of the president.

Southern States

Are states located in the southeastern and south-central regions of the United States, characterized by their distinct cultural, historical, and socio-economic profiles.