When Demand Is Inelastic,an Increase in Price Will Cause

question 142

Multiple Choice

When demand is inelastic,an increase in price will cause

• A)an increase in total revenue.
• B)a decrease in total revenue.
• C)no change in total revenue but an increase in quantity demanded.
• D)no change in total revenue but a decrease in quantity demanded.

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Definitions:

Remediation

The process of improving a deficiency or correcting a negative condition, often used in educational and environmental contexts.

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Refers to the process of diagnosing psychological conditions and disorders.

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Actions or behaviors that deviate from societal norms or expectations, often associated with psychological disorders.

Eugenics

A controversial science aiming to improve the genetic composition of the human population through selective breeding.