Suppose There Is an Increase in the Cost of Resources

question 13

Multiple Choice

Suppose there is an increase in the cost of resources used in the production of good A.Then

• A)if the price of A rises,the demand for A is elastic.
• B)if the total revenue from sales of A increases,the demand for A is elastic.
• C)if the total revenue from sales of A decreases,the demand for A is elastic.
• D)total revenue increases because the price of A rises.
• E)total revenue decreases because the quantity bought and sold of A decreases.

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Definitions:

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Companies specialized in recruiting employees for other organizations, often focusing on specific industries or executive positions.

Career Path

A progression or sequence of jobs and roles that a person undertakes during their working life.

HR Assistant

An entry-level position in human resources responsible for providing administrative support for various HR processes and practices.

HR Manager

A professional responsible for overseeing human resource functions within an organization, such as recruitment, training, and employee relations.