An Increase in Total Revenue Will Result If

question 40

Multiple Choice

An increase in total revenue will result if

• A) demand is inelastic and price decreases.
• B) demand is elastic and price decreases.
• C) demand is elastic and price increases.
• D) demand is unitary elastic and price increases.

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Definitions:

Deeper Hidden Desire

An underlying or unconscious want or need that may drive behaviors or motivations in an individual.

Personality Trait

Persistent modes of thinking, feeling, and acting that set people apart from each other.

Remembering Dreams

The process of recalling dreams after waking up, which varies greatly among individuals.

Openness To Experience

A dimension of personality characterized by imagination, creativity, and a willingness to try new things.