If the Demand for a Good Is Unit Elastic and the Price

question 108

Multiple Choice

If the demand for a good is unit elastic and the price of the good increases, then

• A)total revenue increases.
• B)total revenue decreases.
• C)total revenue is not affected.
• D)the direction of the change in total revenue cannot be determined from the information given.

---

Definitions:

Ethnic Identity

Ethnic identity is an individual's sense of belonging to a specific ethnic group, including aspects of culture, heritage, language, and traditions.

Cultural Conflict

A struggle or disagreement arising from differences in cultural values, beliefs, and practices between individuals or groups.

Seeking Help

The process by which individuals seek assistance from others, particularly in a professional or therapeutic context, to address personal or psychological issues.

Ethnic Groups

Collections of people who identify with each other based on shared cultural traditions, ancestry, language, or history.