There Is No Total Revenue Test for Price Elasticity of Supply

question 73

Multiple Choice

There is no total revenue test for price elasticity of supply because:

• A)price and quantity are usually inversely related.
• B)price and quantity are usually positively related.
• C)total revenue will not usually change in the direction of a supply price
• D)change.price and quantity are always negatively related.

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Definitions:

Depolarizes

The process by which the electrical charge of a cell's membrane is reduced, leading to the possibility of generating an action potential.

Left Atrial Pressure

The pressure within the left atrium of the heart, important in evaluating heart function, particularly in conditions affecting left ventricular filling.

Left Ventricular Pressure

The pressure within the left ventricle of the heart, critical in assessing heart function and particularly significant during systole and diastole phases.

Bicuspid Valve

Valve closing the orifice between left atrium and left ventricle of the heart; also called mitral valve.