If Demand Is Price Elastic, a Decrease in Price Causes

question 209

Multiple Choice

If demand is price elastic, a decrease in price causes:

• A) an increase in total revenue.
• B) a decrease in total revenue.
• C) no change in total revenue.
• D) an increase in quantity, but anything can happen to revenue.

---

Definitions:

Bashtags

Hashtags used on social media platforms to criticize or mock brands, companies, or public figures.

Twitter

A digital platform where users can share and engage with short messages referred to as "tweets."

Content Curation

The process of gathering, sorting, and redistributing content focused on a specific subject.

Collecting

The act of gathering or accumulating items or data of a specific type or on a particular subject.