The Demand for a Good Is Elastic If

question 60

Multiple Choice

The demand for a good is elastic if

• A)an increase in price leads to a decrease in total revenue
• B)an increase in price leads to an increase in total revenue
• C)an increase in price causes no change in total revenue
• D)total revenue is maximum
• E)total revenue is minimum

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Definitions:

Feedback Inhibition

Regulatory mechanism in which a change that results from some activity decreases or stops the activity.

Pyrimidine Synthesis

Pyrimidine Synthesis is the biochemical process that generates pyrimidines, which are key components of nucleic acids like DNA and RNA.

AMP

Adenosine monophosphate, a nucleotide involved in many cellular processes, including DNA synthesis and energy transfer.