A Price Cut Will Decrease the Revenue a Firm Receives

question 75

Multiple Choice

A price cut will decrease the revenue a firm receives if the demand for its product is

• A)elastic.
• B)inelastic.
• C)unit elastic.
• D)straight elastic.

---

Definitions:

Sponsoring Company

An organization that provides support and resources for an event, activity, or individual, usually for promotional purposes.

Libraries

Collections of books, digital resources, and other media, housed in either virtual or physical spaces, for research, study, or leisure.

Sponsorship

Financial or material support provided to events, activities, or individuals, often for promotional benefits.

Website

A collection of related web pages, including multimedia content, typically identified with a common domain name, and published on at least one web server.