When Demand Is Perfectly Inelastic, an Increase in Price Will

question 372

Multiple Choice

When demand is perfectly inelastic, an increase in price will

• A) leave total revenue unchanged.
• B) increase total revenue.
• C) decrease total revenue.
• D) either increase total revenue or decrease total revenue, but it is impossible to tell which.

---

Definitions:

Classical Conditioning

An educational method where two stimuli are consistently associated; initially, the response is triggered by the second stimulus but over time, it becomes triggered by the first stimulus alone.

Operant Conditioning

An educational method where the intensity of an action is altered through either rewards or consequences.

Aversive Conditioning

A method of behavioral training in which an undesirable behavior is paired with an unpleasant stimulus to reduce the behavior.

Classical Conditioning Therapies

Psychological treatment approaches that utilize the principles of classical conditioning to change maladaptive behaviors by associating them with new responses.