If Price Falls by 10 Percent, Total Revenue

question 83

Multiple Choice

If price falls by 10 percent, total revenue

• A)rises if quantity demanded changes by 10 percent.
• B)rises if quantity demanded does not change.
• C)rises if quantity demanded changes by less than 10 percent.
• D)falls if quantity demanded changes by 10 percent.
• E)falls if quantity demanded changes by less than 10 percent.

---

Definitions:

Periphery

The external boundary or surface of an area or object, or those areas that lie beyond the central or main part.

Dilation

The process of expansion or widening in size, often referring to the enlargement of the pupil or blood vessels.

Retina

A light-sensitive layer at the back of the eyeball containing cells that convert light into neural signals for vision.

Blind Spot

The point at which the optic nerve leaves the eye, creating a “blind” spot because no receptor cells are located there.