If a Price Decrease Leads to an Increase in Total

question 175

Multiple Choice

If a price decrease leads to an increase in total revenue, demand must be:

• A)​perfectly inelastic.
• B)​relatively inelastic.
• C)​relatively elastic.
• D)​unit elastic.

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Definitions:

3/5 Clause

A provision in the United States Constitution that counted three-fifths of the slave population for purposes of taxation and representation.

Enfranchising

Granting a group or individual the right to vote in political elections.

Post-Civil War Amendments

Amendments to the U.S. Constitution, specifically the 13th, 14th, and 15th, enacted after the Civil War to abolish slavery, establish equal protection under the law, and secure voting rights regardless of race.