When Demand Is Elastic in the Current Price Range

question 80

Multiple Choice

When demand is elastic in the current price range:

• A)an increase in price will increase total revenue because the decrease in quantity demanded is less than the increase in price
• B)an increase in price will decrease total revenue because the decrease in quantity demanded is greater than the increase in price
• C)a decrease in price will decrease total revenue because the increase in quantity demanded is smaller than the decrease in price
• D)a decrease in price will not affect the total revenue

---

Definitions:

Anomie

A state of normlessness where societal norms and values are weakened or unclear, leading individuals to feel disconnected from the larger community.

Deprivation

Refers to a state of lacking or denial of basic resources or essentials for human well-being.

Anomie

A state of normlessness within a society or group, where there is a breakdown or absence of social norms and values, often leading to social instability.

Breakdown Theory

A sociological theory that suggests social breakdowns, like riots or vandalism, occur when traditional social controls and institutions fail.