How Can a Firm Increase Total Revenue

question 163

Multiple Choice

How can a firm increase total revenue?

• A) when demand is elastic and price decreases
• B) when demand is elastic and price increases
• C) when demand is unitary elastic and price increases
• D) when demand is unitary elastic and price decreases
• E) when demand is inelastic and price decreases

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Definitions:

Formal Procedures

Established, official methods and processes used within an organization to conduct its business or operations.

Canada Labour Code

A set of laws regulating labor relations providing standards for employment conditions, industrial relations, and occupational health and safety in Canada.

Industrial Relations Board

A regulatory body responsible for resolving disputes between employers and employees, ensuring labor laws are adhered to.

Organizing Drive

A campaign or effort, typically initiated by a labor union, aimed at encouraging workers to join or form a union within their workplace.