Total Revenue Will Decrease If Price

question 119

Multiple Choice

Total revenue will decrease if price

• A)rises and demand is inelastic.
• B)falls and demand is unit elastic.
• C)rises and demand is unit elastic.
• D)rises and demand is elastic.
• E)falls and demand is elastic.

---

Definitions:

Accounts Payable

The amount of money that a company owes to its creditors or suppliers for goods and services that have been received but not yet paid for.

Medical Office

A workspace or facility where health care providers, medical professionals, and administrative staff perform clinical and administrative duties related to patient care.

Liabilities

Financial obligations or debts that a company or individual owes to others, which must be settled over time.

Creditors

Entities or individuals to whom money is owed.