{"id":119148,"date":"2022-09-27T12:38:40","date_gmt":"2022-09-27T07:08:40","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=119148"},"modified":"2022-09-27T12:38:41","modified_gmt":"2022-09-27T07:08:41","slug":"when-the-demand-for-a-product-is-perfectly-inelastic-a-price-increase-will-result-in","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/when-the-demand-for-a-product-is-perfectly-inelastic-a-price-increase-will-result-in\/","title":{"rendered":"When the demand for a product is perfectly inelastic, a price increase will result in"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><strong>Q. When the demand for a product is perfectly inelastic, a price increase will result in __________.<\/strong><\/h3>\n\n\n\n<ul class=\"wp-block-list\"><li>A decrease in quantity demanded of the product<\/li><li>No change in the total income from a product<\/li><li>An increase in the total income from a product<\/li><li>A reduction in the total income from a product<\/li><\/ul>\n\n\n\n<p>Answer: An increase in the total income from a product<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Q. When the demand for a product is perfectly inelastic, a price increase will result in __________. A decrease in quantity demanded of the product No change in the total income from a product An increase in the total income from a product A reduction in the total income from a product Answer: An increase [&hellip;]<\/p>\n","protected":false},"author":419,"featured_media":119149,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4960],"tags":[4961],"offerexpiration":[],"class_list":["post-119148","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-demand-and-supply-mcqs","tag-demand-and-supply-mcqs"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119148","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/419"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=119148"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119148\/revisions"}],"predecessor-version":[{"id":119150,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/119148\/revisions\/119150"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/119149"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=119148"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=119148"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=119148"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=119148"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}