Which of the Following Will Lead to a Decrease in Total

question 19

Multiple Choice

Which of the following will lead to a decrease in total revenue?

• A) price goes up and demand is perfectly inelastic
• B) price goes up and demand is price inelastic
• C) price declines and demand is price elastic
• D) price increases and demand is price elastic

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Definitions:

Litigation

The process of taking legal action in court to enforce or defend rights.

Indemnified

Protected or secured against any loss or damage, often through compensation or insurance.

Ordinary Matters

Refers to standard, routine, or usual issues or tasks, often contrasted with extraordinary or exceptional matters.

Greater-Than-Majority Vote

A voting system where an action or proposal is passed only if it receives more than half of the votes cast, often requiring a significant majority such as two-thirds or three-quarters for approval.