Which of the Following Statements Is Not Correct

question 102

Multiple Choice

Which of the following statements is not correct?

• A)If the relative change in price is greater than the relative change in the quantity demanded associated with it, demand is inelastic.
• B)In the range of prices in which demand is elastic, total revenue will diminish as price decreases.
• C)Total revenue will not change if price varies within a range where the elasticity coefficient is unity.
• D)Demand tends to be elastic at high prices and inelastic at low prices.

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Definitions:

Anti-Social Personality Disorder

A mental health condition characterized by a long-term pattern of disregarding or violating the rights of others, often manifesting as hostile or harmful behavior.

Homicidal Clients

Individuals receiving clinical services who express intentions or thoughts of causing lethal harm to others, posing challenges for mental health professionals.

Compliance With Medication

The degree to which a patient correctly follows medical advice, particularly with regards to taking medication as prescribed.

Medium Level Threat

A situation or entity that poses a moderate danger to safety or security.