If the Price of a Good Rises by 10 Percent

question 84

Multiple Choice

If the price of a good rises by 10 percent and quantity demanded falls by 20 percent,we can predict that

• A)The company's total revenue will increase.
• B)The company's total profit will rise.
• C)The company's total revenue will decrease.
• D)The company's total revenue will remain the same.

---

Definitions:

Conscious Awareness

The state of being mentally alert and fully aware of one's surroundings, thoughts, and emotions.

Cumulative Physiological

Referring to the aggregate effect on the body’s systems over time, often in the context of stress or aging.

Functional Deficits

Refers to impairments or limitations in performing normal daily activities due to physical, mental, or emotional disabilities or conditions.

Organizational Cultures

The shared beliefs, values, customs, behaviors, and artifacts that the members of an organization use to cope with their world and with one another.