Total Revenue Decreases as Output Increases When Demand Is

question 75

Multiple Choice

Total revenue decreases as output increases when demand is:

• A)downward sloping.
• B)perfectly elastic.
• C)price inelastic.
• D)price elastic.

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Definitions:

Discrimination

Unjust or prejudicial treatment of different categories of people, especially on the grounds of race, age, or sex.

Military Service

A period of time spent serving in the armed forces of a country, either as a compulsory duty or voluntarily.

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Refers to the country where a person was born, or where their ancestors come from, often considered in discussions of identity and legal rights.

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A record of the earnings a person has received from their employment over time.