If an Increase in the Price of a Good Has

question 25

Multiple Choice

If an increase in the price of a good has no impact on the total revenue in that market, demand must be

• A) perfectly elastic
• B) price inelastic.
• C) unit price elastic.
• D) price elastic.

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Definitions:

De-emphasizes

To reduce the importance, stress, or prominence of a particular element or aspects in a discussion, presentation, or piece of writing.

Business Messages

Refers to written or electronic communication tailored for and circulated within a professional setting, aimed at conveying specific objectives or information related to business activities.

Direct Order

A command or instruction given with clear and definitive terms, leaving no room for ambiguity or discretion.

Direct Order

A clear, concise instruction or command that leaves no room for misunderstanding or interpretation.