The Following Table Shows the Quantity Demanded of a Good

question 99

Multiple Choice

The following table shows the quantity demanded of a good at two different prices. Refer to the table to answer the question. Price Quantity £10 25 £20 20 When the price of the good increases to £20, the total revenue earned _____.

• A) increases by £150
• B) decreases by £100
• C) remains constant
• D) decreases by £50

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Definitions:

Generalization

The process in psychology by which a response is given to a similar stimulus as the one that originally triggered the response.

Somatoform Disorder

Psychological disorder in which the symptoms take a somatic (bodily) form without apparent physical cause.

Bodily Form

Refers to the shape or structure of the human body.

Psychological Disorder

A pattern of behavioral or psychological symptoms that impacts multiple life areas and/or causes significant distress, often classified and diagnosed according to standardized criteria.