Under Which of the Following Situations Will Total Revenue Rise

question 180

Multiple Choice

Under which of the following situations will total revenue rise?

• A)If elasticity is > 1 and price falls.
• B)If elasticity is > 1 and price rises.
• C)If elasticity is < 1 and price falls.
• D)If elasticity is = 1 and price falls.

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Definitions:

Organogenesis

The phase of embryonic development concerned with the formation of organs and organ systems.

Embryonic Development

The process by which an embryo forms and develops, involving cell division, growth, and differentiation.

Blastopore

The opening that forms during early embryonic development, which can develop into the mouth or the anus in animals.

Organogenesis

The process during embryonic development where organs form and develop from three germ layers: the endoderm, mesoderm, and ectoderm.