Which of the Following Is Correct

question 128

Multiple Choice

Which of the following is correct?

• A)If demand is elastic, an increase in price will increase total revenue.
• B)If demand is elastic, a decrease in price will decrease total revenue.
• C)If demand is elastic, a decrease in price will increase total revenue.
• D)If demand is inelastic, an increase in price will decrease total revenue.

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Definitions:

Protein

Large, complex molecules made up of amino acids that are essential for various processes in living organisms, including structural support, catalysis of biochemical reactions, and regulation of genes.

Nonpolar

Describing molecules that do not have distinct positive and negative poles, resulting in a uniform distribution of charge.

Carbohydrate

A class of organic compounds consisting of carbon, hydrogen, and oxygen, primarily used by the body for energy and structural purposes.

Lipid

Lipids are a broad group of naturally occurring molecules that include fats, oils, waxes, and certain vitamins, characterized by their insolubility in water but solubility in organic solvents.