If a Rising Price Leads to Falling Revenues, Then Demand

question 199

True/False

If a rising price leads to falling revenues, then demand is elastic.

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Definitions:

Monthly

Pertains to something occurring, produced, or settled every month.

Annual Discount Rate

The rate used to discount future cash flows to the present value, reflecting the time value of money and investment risk.

Receiving Annually

Refers to receiving a particular sum or type of benefit every year.

Perpetually

Continuing forever or for an indefinite period without anticipated termination.