The Figure Given Below Shows the Demand Curves for Five

Multiple Choice

The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1

-If a product has an inelastic demand, then:

A) there is probably a long time period under consideration.
B) as price increases, total revenue to producers decreases.
C) an increase in the price will decrease total consumer expenditures.
D) there are probably many complements for the good.
E) there are probably few substitutes for the good.