Which of the Following Will Lead to a Decrease in Total

question 57

Essay

Which of the following will lead to a decrease in total revenue?
A.The price goes up and demand is perfectly inelastic.
B.The price goes up and demand is price-inelastic.
C.The price declines and demand is price-elastic.
D.The price increases and demand is price-elastic.

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Definitions:

Original Amount

The initial sum of money involved in a financial transaction, before any deductions, depreciation, or appreciation.

Guaranteed Residual Value

An assurance that an asset will have a specified value at the end of its lease term.

Capital Lease

A lease agreement that is classified as a purchase of assets for accounting purposes, where the lessee assumes some of the risks and benefits of ownership.

Leased Equipment

Assets obtained for use by leasing rather than purchasing, allowing companies to use equipment without owning it.