If the price of good X falls and the demand for good X is inelastic, then the percentage __________ in quantity demanded is __________ the percentage fall in price, and total revenue __________.
A)fall; greater than; rises
B)rise; less than; rises
C)fall; equal to; remains constant
D)rise; less than; falls
E)fall; greater than; falls

Question

Quizplus · Accepted Answer

The Answer of If the price of good X falls and the demand for good X is inelastic, then the percentage __________ in quantity demanded is __________ the percentage fall in price, and total revenue __________.
A)fall; greater than; rises
B)rise; less than; rises
C)fall; equal to; remains constant
D)rise; less than; falls
E)fall; greater than; falls

If the Price of Good X Falls and the Demand