Higher Prices Will Increase Total Revenue If

question 66

Multiple Choice

Higher prices will increase total revenue if

• A)Demand is elastic.
• B)Demand is unitary elastic.
• C)Demand is inelastic.

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Definitions:

Extrinsic Motivation

Motivation driven by external rewards, such as money or praise, rather than intrinsic satisfaction from the activity itself.

Growth Motivation

An internal drive to achieve personal improvement, learn new skills, and seek out new challenges.

Achievement Motivation

The drive or desire to accomplish goals, excel, and achieve competence and mastery in tasks.

Creativity

The ability to generate new ideas, alternatives, or possibilities that may be useful in solving problems, communicating with others, and entertaining.