If the Demand for a Good Is Unit Elastic and the Price

question 108

Multiple Choice

If the demand for a good is unit elastic and the price of the good increases, then

• A)total revenue increases.
• B)total revenue decreases.
• C)total revenue is not affected.
• D)the direction of the change in total revenue cannot be determined from the information given.

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Definitions:

Graphics Class

A class in many programming libraries that provides methods for drawing text, shapes, and images on display devices or off-screen images.

Insets Class

A representation of the borders of a container to specify the space that a container must leave at each of its edges.

Java.awt

A Java package, standing for Abstract Window Toolkit, that provides a set of APIs for creating graphical user interfaces and painting graphics and images.

Javax.swing

A package in Java providing a set of lightweight components for building graphical user interfaces (GUIs).