When Demand Is Inelastic,the Price Elasticity of Demand Is

question 16

Multiple Choice

When demand is inelastic,the price elasticity of demand is

• A)less than 1,and price and total revenue will move in the same direction.
• B)less than 1,and price and total revenue will move in opposite directions.
• C)greater than 1,and price and total revenue will move in the same direction.
• D)greater than 1,and price and total revenue will move in opposite directions.

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Definitions:

U.S.O.

United Service Organizations, a nonprofit organization that provides programs, services, and live entertainment to United States service members and their families.

Commercial Television

Television programming that is funded by and created for the purpose of selling advertising space, aiming to attract large audiences for the advertisement of products and services.

Evangelicals

Members of a Christian movement emphasizing salvation through faith in Jesus, the authority of the Bible, and the importance of spreading Christian beliefs.

Converts

Individuals who adopt a new religious faith different from their previous belief or non-belief.