Here are some leaders who donât match our ideal: 1  The teenage gang leader who has âstreet credâ, is tough and prepared to defy the law, even if it means shooting his way out of trouble. 2  Stalin, admired by some Russians who like tough leaders, even if ruthless.
When price and total revenue move in the same direction, demand is relatively inelastic. True: when price and total revenue move in the same direction, demand is relatively inelastic. Why will the price elasticity of demand will be greater when the price of a good is higher relative to a consumer's income. A higher priced good will have a higher price elasticity of demand.
Relevance. Rating Newest Oldest. Best Answer: Inelastic demand implies that demand does not fall proportionately with price nor supply, therefore as price falls, demand increases but by a smaller proportion, therefore the number of units sold will only increase by a small amount, and the total revenue will fall.n the case of perfectly inelastic demand, i.e. demand does not change, the number of units sold will not change at all, so revenue will decrease by the same percentage that the price falls. Source(s): Degree in Economics.