Holding All Other Forces Constant,if Increasing the Price of a Good

question 267

Multiple Choice

Holding all other forces constant,if increasing the price of a good leads to a decrease in total revenue,then the demand for the good must be

• A)unit elastic.
• B)inelastic.
• C)elastic.
• D)None of the above is correct because a price increase always leads to an decrease in total revenue.

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Definitions:

Reticular Formation

A network of nerve pathways in the brainstem involved in consciousness and the regulation of sleep-wake cycles.

Brainstem

The part of the brain connecting the spinal cord with the forebrain and cerebrum, controlling basic life functions.

Hippocampus

A major component of the brain involved in memory formation and spatial navigation.

Fantastic Memory

Usually refers to an exceptionally good or outstanding capacity for remembering facts, events, or complex information.