When a Demand Curve Is INELASTIC

question 34

Multiple Choice

When a demand curve is INELASTIC:

• A) if price goes down, then total revenue stays the same.
• B) if price goes up, then total revenue stays the same.
• C) if price goes down, then total revenue goes down.
• D) if price goes up, then total revenue goes down.

---

Definitions:

Token Economy

A program that motivates socially desirable behavior by reinforcing it with tokens that can be exchanged for desired items or privileges.

Skinner Bucks

A form of token economy used as a reinforcement method, where tokens are given for desired behaviors and can be exchanged for privileges or items.

Contingency Contract

An agreement where the obligations and outcomes depend on certain conditions or events happening.