Which of the Following Could Be the Price Elasticity of Demand

question 84

Multiple Choice

Which of the following could be the price elasticity of demand for a good for which an increase in price would decrease revenue?

• A) 0
• B) 0.5
• C) 1
• D) 1.5

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Definitions:

Digital Media

Content or communication exchanged via digital devices, including text, audio, video, and graphics.

Webcast

A media presentation distributed over the Internet using streaming technology to distribute a single content source to many simultaneous viewers or listeners.

Intranet

A private network accessible only to an organization's staff, often used to share information, operational systems, or services within the company.

Accept Blame

Accepting accountability for an error or shortfall.