If Demand Is Perfectly Inelastic,a Decrease in Price Results in A(n)

question 53

Multiple Choice

If demand is perfectly inelastic,a decrease in price results in a(n)

• A)decrease in seller's total revenue
• B)increase in total seller's expenditure
• C)increase in expenditure on the good,but a decrease in revenue to the seller
• D)unfavorable shift in tastes and preferences
• E)increase in total revenue to the seller

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Definitions:

Exogamy

A social arrangement in which individuals are required to marry outside their social group, clan, or tribe, promoting alliances and diversity in genetic contribution.

Woman-Woman Marriage

A cultural practice in which a woman assumes the social role of a husband to another woman, often for purposes of lineage or inheritance, observed in some African societies.

Nandi

An ethnic group located in Kenya, known for their agricultural practices, cattle-herding, and significance in Kenyan history and society.

Fraternal Polyandry

A marital arrangement involving two or more brothers who are married to the same wife, typically found in certain societies as a cultural strategy to limit population growth or preserve family land.