The Demand for a Good Is Price Elastic If

question 152

Multiple Choice

The demand for a good is price elastic if

• A)a rise in price increases total revenue.
• B)a fall in price decreases total revenue.
• C)a rise in price decreases total revenue.
• D)the good is a necessity.
• E)the demand for the good is very insensitive to changes in price.

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Definitions:

Appropriate Vocal Delivery

The use of one's voice in a manner that is suitable for the message being conveyed and the audience being addressed.

Articulation

The enunciation of speech sounds.

Presentation Aid

Any tangible item or image used to help communicate ideas to an audience.

Pictorially Comprehend

To understand or grasp information through visual representation such as pictures or diagrams.