If Carmen's Coffee Company Wants to Increase Total Revenue and the Price

question 101

Multiple Choice

If Carmen's Coffee Company wants to increase total revenue and the price elasticity of demand is 0.43,the company should

• A)Increase the price of its coffee.
• B)Decrease the price of its coffee.
• C)Keep the price constant since a price increase or decrease will cause total revenue to fall.

---

Definitions:

CIA

The Central Intelligence Agency, operating as a civilian entity under the U.S. federal government, is assigned the responsibilities of collecting, processing, and analyzing information pertinent to the nation's security.

Funded

Provided with financial resources or capital, often referring to projects, programs, or initiatives that receive monetary support.

Artistic Performances

Live presentations such as theater, music, dance, and other forms of entertainment that express creative talent and cultural expression.

Image of the United States

The collective perception or representation of the United States as viewed by its citizens and the world, influenced by its culture, policies, and international actions.