An Increase in Price Will Result in No Change in Total

question 83

Multiple Choice

An increase in price will result in no change in total revenue if:

• A) the percentage change in price is large enough to cause quantity demanded to fall to zero.
• B) the coefficient of elasticity is equal to zero.
• C) the percentage change in quantity demanded is equal to the percentage change in price.
• D) the demand function is perfectly elastic.

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Definitions:

Setting Objectives

The process of establishing specific, measurable, achievable, relevant, and time-bound goals for individuals or organizations.

Management Function

The roles and activities undertaken by managers to achieve organizational objectives, including planning, organizing, leading, and controlling.

Planning Process

The structured approach that outlines how goals are achieved through a series of actions or steps.

Reaching Goals

The process of setting, pursuing, and ultimately achieving objectives, whether personal, professional, or organizational.