If the Supply of a Good Decreases and It Causes

question 174

Multiple Choice

If the supply of a good decreases and it causes total revenue to increase,this shows that the good has an

• A) inelastic demand
• B) elastic demand
• C) unit elastic demand
• D) inelastic supply
• E) elastic supply

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Definitions:

Catabolic Reactions

Catabolic Reactions are metabolic processes that break down molecules into smaller units, releasing energy stored in chemical bonds.

Energy

The capacity to do work or produce heat; it exists in various forms such as kinetic, potential, thermal, electrical, chemical, nuclear, and mass energy.

Basal Metabolic Rate

The rate of energy expenditure by the body at rest to maintain vital functions.

Brightly Lit

Describes an environment or space that is well-illuminated with light, either natural or artificial.