Which of the Following Is Not Possible

question 78

Multiple Choice

Which of the following is not possible?

• A)Demand is elastic,and a decrease in price causes an increase in revenue.
• B)Demand is unit elastic,and a decrease in price causes an increase in revenue.
• C)Demand is inelastic,and an increase in price causes an increase in revenue.
• D)Demand is perfectly inelastic,and an increase in price causes an increase in revenue.

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Definitions:

Straight-Line Method

A method of calculating depreciation by distributing the cost evenly across an asset's useful life.

Expense Recognition

The principle that expenses are recognized when they contribute to the generation of revenue, not necessarily when the cash is paid.

Systematic Allocation

The process of methodically spreading costs or revenues over a specific period of time or among different departments or products.

Appraised Value

An estimation of the fair market value of a property, often conducted by a professional appraiser.