Given a Price Elasticity of Demand of -0

question 235

Multiple Choice

Given a price elasticity of demand of -0.33, a decrease in price will

• A) reduce total revenue.
• B) increase total revenue.
• C) leave total revenue unchanged.
• D) decrease quantity.

---

Definitions:

Light

Electromagnetic radiation within a certain portion of the electromagnetic spectrum, visible to the human eye and fundamental to vision and various biological processes.

Extinction Trials

Processes in which a conditioned response is weakened by presenting the conditioned stimulus without the unconditioned stimulus.

Conditioned Stimulus (CS)

In classical conditioning, a previously neutral stimulus that, after becoming associated with the unconditioned stimulus, triggers a conditioned response.

Unconditioned Stimulus

A stimulus that naturally and automatically triggers a response without any learning needed.